sandiegouniontribune.com- chargers-nfl-stadium-hotel-tax-hike/
The
Chargers will ask San Diego voters in November to raise taxes on hotel
stays to 16.5 percent from today’s 12.5 percent rate to help build a
$1.8 billion hybrid stadium and convention center next to Petco Park
downtown, said sources close to the team’s negotiations with lawyers,
bankers and the hotel industry.
Paying
for the project would fall solely upon hotel guests, the Chargers and
the National Football League, unlike previous proposals that tapped
general taxpayer funds for part of the financing.
“The
city’s full faith and credit is not put at risk,” a source said
Tuesday. A spokesman for Mayor Kevin Faulconer said he wouldn’t comment
until the plan was released publicly.
At
16.5 percent, San Diego’s tax on hotel stays contemplated by the
initiative would become one of the nation’s highest. Among regional
competitors, Anaheim adds 17 percent to room rates, while San
Francisco's tax is as high as 16.25 percent.
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