The first baby step of creating a tourism improvement district on the 59 acres downtown at Symphony Park was approved with scant discussion by the Las Vegas City Council on Wednesday.
If a proposed soccer arena goes nowhere, so does the district.
If the arena goes forward, then the district would shift existing sales and use taxes which go to the state and retain them in the local improvement district, explained Bill Arent, director of the Economic and Urban Development Department.
How much the district would collect in sales and use taxes, nobody’s saying, nor what it would do with the money. The Las Vegas Review-Journal notes, “Without specifics, there was little discussion by council members about the tourism district creation.” But they still voted for it, because there’s always time to ask questions later, right?