Sunday, June 26, 2016
The Vegas Ripoff
I don't think that it's a good idea for Las Vegas to try to lure the Oakland Raiders there because it will come with a steep cost.
Business leaders are proposing a 0.9% hotel room tax to back the $750 million in municipal bonds as part of the $1.5 billion funding of the proposed stadium.
The average hotel room will increase in price by $1.09. It doesn't sound like much, but this will be a long term commitment.
The Nevada legislature will need to approve any type of tax. They should vote it down to protect the public.
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