* Warning: This is an unofficial, introductory copy of the bill.
The official copy considered by the City Council is the first reader copy.
Introductory*
City of Baltimore
Council Bill R
(Resolution)
Introduced by: Councilmember Clarke
A Resolution Entitled
A Council Resolution concerning
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Informational Hearing - Subsidies to Baltimore City’s Hospitality and Tourism Industry, Now and in the Future
For the purpose of inviting the President and CEO of Visit Baltimore; the President and CEO of the Baltimore Development Corporation; the Director of the Baltimore City Department of Finance; the Director of the Mayor's Office of Employment Development; representatives of the Baltimore tourism industry; and representatives of the Baltimore labor community to appear before the City Council to discuss the subsidies that the City of Baltimore has provided to the hospitality and tourism industry as well as best methods for ensuring that any future subsidies to the hospitality and tourism industry are conditioned upon the recipients commitment to create quality jobs.
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Whereas, tourism and hospitality are vital contributors to the Baltimore City economy.
Whereas, total transient occupancy tax paid to the City in 2016 was $34,147,258.
Whereas, the Baltimore market has 25 hotels with 3,121 rooms in its development pipeline, according to Smith Travel Research.
Whereas, Baltimore City has a financial interest in continued development of hotels and has pursued this interest by subsidizing development, including the use of Payment in Lieu of Taxes (PILOT) and Tax Increment Financing (TIF) agreements.
Whereas, in particular, Baltimore City subsidized the development of the Baltimore Marriott Waterf...
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