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Hotel Industry Backs Tempe Site for $335-Mil Stadium

PHOENIX-The hotel industry, which will contribute to the cost of building a $335-million stadium for the Arizona Cardinals with a 1% bed tax, has thrown its support behind the proposed Tempe site.

By D.J. Burrough | Updated on February 08, 2001

PHOENIX-One of the two cities in a race to land a $335-million stadium for the Arizona Cardinals has got a major boost from the hotel industry.

The Valley Hotel and Resort Association, which represented more than half the properties in the Valley, has thrown their support behind the proposed site in Tempe. Another 50 hotel properties in the East Valley plan to launch their own campaign on behalf of the Tempe site.

The association choose to endorse the Tempe site because it offers the most benefit to its members. The organization expressed concern that if the West Valley site is chosen and a number of new hotels are built, there will be a glut of rooms that drives down rates and raises vacancies. The hotel industry’s endorsement should weigh heavily on the Tourism and Sports Authority final decision. The TSA, which is charged with making the site selection, is well aware that the 1% bed tax is a major portion of the public funds that will be used to build the stadium. The bed tax is expected to generate about $800 million over 30 years.

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