VANCOUVER, WA-Clark County says it is considering action that would provide the City of Vancouver the much needed ongoing financial support it needs to assure voters that a planned $10-million convention center won’t be a constant drain on the city’s coffers.

On July 23, County commissioners will have a public hearing on the formation of a public facilities district. If it is formed, the PFD would automatically receive a small slice of sales tax revenue currently flowing into state coffers, but enough to provide Vancouver $500,000 annually toward the ongoing operation and maintenance of a convention center.

The date of the meeting is important because the district must be created by July 31 in order to get the tax revenue. If it happens, the city will likely get the money, because even though the county could use the money for other things instead, the state requires the money go toward a project of $10 million or more and one that will be underway by Jan. 1, 2004.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.