CVB to shore up budget deficit with tax money
Published: August 26,2011
SOUTHAVEN — The DeSoto County Convention and Visitors Bureau board has adopted an operating budget of $11.5 million for the DeSoto Civic Center for fiscal year 2012 that starts Oct. 1.
The spending plan includes a $494,000 deficit that CVB members say will be shored up with funds from the county’s 2 percent tax on hotels and restaurants.
The Commercial Appeal reports the DCC budget is projecting to bring in $3.9 million in event revenue next year, along with arena rental of $675,000, convention hall rental revenue of $175,000 and parking revenue of $700,000.
The Civic Center was built in 2000. Its regular tenants include the Mississippi RiverKings hockey team.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Pickering lists concerns over Mississippi Adequate Education Program formula
- Peavey's wellness program honored after workers drop 1,000 pounds
- Group, lesbian couples look to overturn state's ban on same-sex marriages
- Watkins says JRA out to block him from Farish by repaying HUD $1.5M
- State renews battle over water use with city of Memphis
- Mississippi Film Studios signs contract with New Orleans company
- DAVID DALLAS: You say “Obama”, I say “Ebola”
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Biloxi baseball project still alive but may be held for 2015