The city of Austin is floating a plan to create a Tourism Public Improvement District, in which it would partner with Austin hotels to implement a 2 percent fee on overall stays.
The 10-year deal could generate up to $390 million in revenue as a result. District 5 Councilmember Ryan Alter said the goal is to use roughly $75 million of that for critical needs throughout the city, such as tackling homelessness.
The 10-year deal could generate up to $390 million in revenue as a result. District 5 Councilmember Ryan Alter said the goal is to use roughly $75 million of that for critical needs throughout the city, such as tackling homelessness.
The idea was first proposed in 2020. An agreement finally landed after city leaders raised concerns about where revenue would come from once the Austin Convention Center begins construction in 2025.
