Posting Language
Title
Conduct a public hearing related to the proposed assessment for the Austin Tourism Public Improvement District. Funding: This item has no fiscal impact. Related to Items #86 and #87.
De
Lead Department
Austin Convention Center.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
September 14, 2023 - Council approved the draft service plan and petition language for the creation of a proposed Austin Tourism Public Improvement District (ATPID or District) on an 8-0 vote.
For More Information:
Trisha Tatro, Director, Austin Convention Center Department, 512-404-4218; Katy Zamesnik, Acting Assistant Director, Austin Convention Center Department 512-404-4208.
Additional Backup Information:
The purpose of the Austin Tourism Public Improvement District (ATPID or District) will be to provide special supplemental services relating to increased marketing and sales initiatives, sales incentives to retain and secure meetings and conventions at the Austin Convention Center and the Palmer Event Center, sales incentives to retain and secure additional citywide, transient and group business at individual District hotels, and research to assess the impact of the ATPID marketing and sales initiatives, all with the purpose of increasing the demand for hotel activity within the District. The final ten-year service plan includes a two percent assessment of gross taxable room night rental revenue on hotels within the service plan. The term of the ATPID will be for ten years. There are two items related to this item for this meeting, a resolution for Council to consider making findings on the advisability of the improvement and authorizing the formation of the ATPID and an ordinance to be taken up after this hearing for Council to consider approving the service plan and levying the assessment.
If approved, the District assessment will be levied on hotels in the District, which are those with 100 or more rooms located within the City. The tota...
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