From Dallas Express · Dallas Express · · 1m 30s
Plano Voters Decide Stars Arena Taxes
Plano voters will decide Nov. 3 if they approve taxes to fund Dallas Stars arena without raising property tax rates.
In brief
Plano voters will decide Nov. 3 if they approve taxes to fund Dallas Stars arena without raising property tax rates. Plano voters will decide Nov. 3 on a tax proposal to fund Dallas Stars arena without increasing property tax rates. Originally reported by Dallas Express.
Voters Decide Arena Taxes
Plano voters will decide Nov. 3 whether to authorize five types of taxes to help finance a proposed Dallas Stars arena at The Shops at Willow Bend.
Tax Types Proposed
Short-term vehicle rentals: 5% of rental receipts. Hotel stays: 2% of room price. Event parking: $3 per vehicle. Event tickets: 10% of ticket price. Venue use: $5,000 per game.
No Property Tax Increase
The measure does not authorize a property tax increase or change Plano's general sales tax rate.
Taxes Attach to Transactions
Taxes attach to transactions rather than a customer's place of residence, so Plano residents could pay them when renting cars or buying tickets.
Supporters' Argument
Victory Green Plano PAC says redevelopment would attract visitors, jobs and spending while creating a city-owned facility for school and community events.
Brad Alberts' Statement
Stars President and CEO Brad Alberts said, 'There are no hidden costs to taxpayers. We are responsible for the operating costs.'
“There are no hidden costs to taxpayers. We are responsible for the operating costs.”
Public Funding Beyond Ballot
Plano City Council approved a $700 million city contribution toward an arena with development costs of at least $1 billion.
What Happens Next
Early voting runs Oct. 19-30, with Election Day on Nov. 3.
The main idea
Plano voters will decide Nov. 3 on a tax proposal to fund Dallas Stars arena without increasing property tax rates.
