Hotel Rumors
Rumors are floating around about a change in the possible bond funding arrangements for the proposed campus hotel/conference center. Possibly, alternative bonds – presumably not tax-favored muni bonds – would be used, thus allowing commercial use of the hotel. That step would put the hotel in direct competition with Westside commercial hotels, of course, raising the level of opposition from them. Since the hotel would still be subsidized – free land, no property tax, donor gift – such competition would be controversial. Would local hotel taxes be paid? Parking for a full service operation? Traffic flowing into campus for a…