Express your views on tax; Study answers carefully
An EDITORIAL
Tuesday night a public meeting is scheduled to discuss the pros and cons of an increase in Grenada’s tourism tax to build a sports complex.
We urge you to attend and to learn the answers to the following questions:
- Has the there been an in-depth feasibility study made of the project?
- How much is the project going to cost to build?
- Will there be a bond issue? If so, for how much?
- How much does the city currently owe?
- Where is the best location for the complex?
- What is the projected direct annual revenue of such a complex?
- What is the projected annual operating expense?
- Can the operating expense and the bond service expense be covered out of tourism tax increase revenue alone, or will it need to be supplemented from the General Fund?
- Is there a projected profit and loss study on the endeavor?
- What is the projected economic impact of the completed project?
- How detrimental is the competition from other cities?
- Will it be operated by a third party, or run by the city like the Dogwoods Golf Course?
If the mayor/council cannot answer these questions to your satisfaction, we recommend you vote against the proposed tax increase.
If the mayor/council can satisfactorily assure you that the project is viable, needed, and will be operated wisely, we recommend you vote in favor of the tax increase and the construction of a sports complex.
The Meeting is set for 5:30 Tuesday, July 17
At the Jas. Cuff Building on the South side of the Square
