GREENSBORO, N.C. — Guilford County Commissioners approved a measure on Thursday, to allow money from the county’s hotel tax to go towards funding the $60 million downtown Greensboro Performing Arts Center.
The decision on GPAC funding is only a portion of where the hotel tax money will go.
Each year, millions of dollars are generated from the tax, that ranges from three to six percent, depending on the hotel.
“If you are in Greensboro it’s 6 percent, if you’re in High Point it’s six, if there’s a motel in the unincorporated area it would be three.” said Guilford County Manager Marty Lawing.
Guilford County brought in $4.4 million from the tax in 2012. Thirty percent of the tax revenue went to Hight Point, the rest to Greensboro.
Lawning says a$450,000 of Greensboro’s portion went towards “capital projects,” which have primarily been used to update the Greensboro Coliseum by adding luxury suites, new seating and a Jumbotron.
“[Tourists] come from out-of-town to enjoy a ballgame or concert or whatever. That’s their way of participating in the cost of the facility and keeping it upgraded, so it is an attraction,” Lawing explained.
However, discussion of two new hotels coming to downtown Greensboro doesn’t necessarily guarantee more hotel tax revenue.
“I don’t know if additional motels would increase the number of people staying in motels or not it may redistribute where they are staying. I don’t know what would happen with that I don’t have a crystal ball,” Lawing laughed.