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Source: Press Release
March 22, 2006
Mecklenburg County Commissioners Approve Tax Levy
It’s now official. Almost two weeks after the announcement made by NASCAR that Charlotte was their choice for its Hall of Fame, the Mecklenburg County Board of Commissioners approved the proposed ordinance necessary to levy a 2% room occupancy (hotel/motel) tax to fund the Hall of Fame.
“Now the engines can really be started. ” said Tim Newman, CEO of the Charlotte Regional Visitors Authority (CRVA), the authority that will be the operating organization of the new Hall. “We are currently constructing our short-term marketing and communications plans and will take the next few months to meet with NASCAR officials and make sure our process agrees with their vision. ” Newman added, “With the support of the hotel community, we were able to bring this incredible dream to life. I’m thankful for and proud of our colleagues in the hospitality industry. ”
According to the by-laws of the county commission, a public hearing notice was distributed and held during their regularly-scheduled meeting, Tuesday, March 21. After hearing from approximately a dozen speakers, commissioners voted in favor of the hospitality industry’s self-imposed tax. This new occupancy tax will take effect on May 1, 2006.
Mecklenburg County Commission Chairman Parks Helms was proud to be part of the winning team. “The NASCAR Hall of Fame will be an important part of this community for generations to come; Mecklenburg County is glad to be members of the team who put this initiative together. ”
The NASCAR Hall of Fame, which will be a state of the art facility capturing the spirit of the sport, will honor the NASCAR icons and create an enduring tribute to the drivers, crew members, team owners and others that have impacted the No. 1 spectator sport in the country.
With the goal to be one of the premier halls of fame in the world of sports and entertainment, the NASCAR Hall of Fame is expected to include exhibit space, a Great Hall, a Hall of Honor, a ballroom to be shared with the Charlotte Convention Center, interactive entertainment and retail outlets, and a state-of-the-art media center for the industry.
The Hall of Fame, which will be located in Charlotte’s Center City will be developed, designed, and operated by the City of Charlotte and the Charlotte Regional Visitors Authority. The total cost of the entire Hall of Fame project with parking is estimated at $150.5 million. This will primarily be funded by the new two percent hotel/motel tax and contributions from the State of North Carolina and the private sector.