Posting Language
Title
Conduct a public hearing relating to the establishment of an Austin Tourism Public Improvement District composed of hotels with one hundred or more rooms and the advisability of the improvement as authorized by Texas Local Government Code Chapter 372. Funding: The ATPID is projected to allocate $2.9 million in revenue the City would be eligible to receive under the ATPID Service Plan. Actual revenue is dependent on the eligible activities that will occur under the service plan. Revenue is expected to increase in future years.
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 ATPID 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 10-year service plan includes a two percent assessment of gross taxable room night rental revenue on hotels within the service plan. Hotel eligibility for the ATPID is limited to hotel properties, which need not be contiguous, with 100 or more rooms within the Austin city limits. The term of the ATPID will be for 10 years. The proposed allocation of revenue is...
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