As revenue income slows, budgets must be trimmed or slashed. In Florida, lawmakers are balking at a huge tax rebate for baseball's Florida Marlins as part of a stadium deal in Miami. They're written about in the sports section as opposed to the business section so people tend to be pretty well informed about them. The New Orleans Arena opened adjacent to the Louisiana Superdome in October 1999. A large part of the project would be financed with a tourist development tax that is levied on hotel rooms.
Hoteliers oppose the idea.
Copyright c 2001 Thomson Financial. All Rights Reserved. Thomson Financial is a leading worldwide provider of e-information. All Rights Reserved.