Sunday, April 18, 2010

Why Doesn't the Greensboro Coliseum Complex Operating Budget include Principle and Interest payments for outstanding debt?

"CERTIFICATES OF PARTICIPATION*

Total Coliseum Coliseum Improvements Outstanding Debt $14,115,000

*Certificates of participation issued for Coliseum expansion will be repaid with Hotel/Motel Tax revenues."

http://www.greensboro-nc.gov/NR/rdonlyres/B92C152B-6522-4952-A9EC-5F1BFC24D9C7/0/2_debtservicefund.pdf
Page 132

Coliseum Update: Budget Cut 15%, No Hockey
Tony Wilkins
April 16, 2010

What were the Hotel/Motel tax revenues relative to the debt payments,
relative to the operating budget?


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