Summary
Powell is weighing 75% tax credits to lure a boutique hotel and two restaurants downtown. The pitch is a bigger tax base and more dinner spots, but the city is betting that forgone tax revenue pays off later.
At a glance
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Impact analysis
The city would give up 75% of certain taxes from the projects, so the upside depends on whether new hotel and restaurant spending generates enough extra revenue to beat that cost.
The hotel and restaurant operators, downtown visitors, and residents seeking more dining options would benefit.
Existing downtown restaurants and hotels could face subsidized competition, and taxpayers could be on the hook if the promised tax-base growth doesn’t materialize.
Mentions & discussions (1)
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