Tourism board approves using $10M in hotel tax revenue for GPAC
GREENSBORO, N.C. — Up to $10 million in hotel tax money could be spent on the Greensboro Performing Arts Center, according to the Greensboro News & Record.
The paper reports the Greensboro/Guilford County Tourism Development Authority’s agreed Tuesday to put the money toward the $60 million center.
County commissioners still need to agree on the tourism board’s decision.
The city brings in about $500,000 each year in hotel tax revenue, according to the paper. The revenue from hotel taxes would not be used for any other large projects in the time it would fund the center.
Read more: News-Record.com