City Council has approved two significant measures related to Convention Center development in Austin. The first measure authorizes an additional $25 million for the ongoing reconstruction of the downtown Convention Center, while the second measure facilitates construction of a privately financed convention center and resort hotel near Circuit of the Americas to qualify for state tax rebates. Concerns have been raised by opponents regarding the financial model and lack of public vote on the downtown project, which is budgeted at $1.6 billion and funded entirely by Hotel Occupancy Tax revenue.
The City Council voted to authorize an additional $25 million contract amendment for construction and project management services tied to the downtown center's ongoing rebuild.
The new downtown Convention Center is being demolished and rebuilt as part of a $1.6 billion project that is entirely funded through Hotel Occupancy Tax revenue.
Opponents of the downtown project raised concerns about its financial model, potential opportunity costs, and the lack of a public vote.
Several speakers at the July 24 meeting called for a pause in project spending and renewed calls for a public vote, highlighting growing opposition to the developments.
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