Construction of the Johnson Controls Hall of Fame Village could be funded by tax revenues the tourist attraction brings in after it is built and drawing visitors, CantonRep.com reports. Canton City Council is scheduled to “vote on legislation to establish the area as a Tourism Development District,” in which fees and taxes on business conducted within the district could pay off bonds issued to finance the development, according to the article. Revenue could be generated in several ways, such as through an additional sales tax, an admissions tax on parking and tickets, and lodging tax revenue; these and other sources could “yield close to $6.2 million annually” and an estimated $52 million total “to help finance the construction of the stadium, hotel, arena and amusement park-like attractions.” Stark County is “the only place in Ohio permitted to create a Tourism Development District,” and this would be the first one in the state if Canton approves it. For more, read the full article.
Special district could mean Hall of Fame Village will help pay for itself
