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File #: 15-0246R    Version: 0 Name: Informational Hearing - Funding Recreation Centers by Selling the City-Owned Hilton Hotel
Type: City Council Resolution Status: Failed - End of Term
File created: 8/17/2015 In control: Taxation, Finance and Economic Development Committee
On agenda: Final action: 12/5/2016
Enactment #:
Title: Informational Hearing - Funding Recreation Centers by Selling the City-Owned Hilton Hotel FOR the purpose of calling on representatives from the Baltimore Hotel Corporation, the Department of Recreation and Parks, and the Department of Finance to appear before the Council to discuss the possibility of funding recreation center upgrades through a sale of the City-owned Hilton Hotel.
Sponsors: President Young, Bill Henry, Sharon Green Middleton, Eric T. Costello, Helen L. Holton, James B. Kraft, Warren Branch, Carl Stokes, Mary Pat Clarke, Nick Mosby, Robert Curran, William "Pete" Welch, Edward Reisinger, Rochelle Spector
Indexes: City-Owned , Funding, Hotels, Informational Hearing, Recreation Centers, Selling
Attachments: 1. 15-0246R~1st Reader, 2. Finance 15-0246R, 3. Rec and Parks 15-0246R
* 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: President Young



A RESOLUTION ENTITLED

A COUNCIL RESOLUTION concerning
title
Informational Hearing - Funding Recreation Centers by Selling the City-Owned Hilton Hotel
FOR the purpose of calling on representatives from the Baltimore Hotel Corporation, the Department of Recreation and Parks, and the Department of Finance to appear before the Council to discuss the possibility of funding recreation center upgrades through a sale of the City-owned Hilton Hotel.
body

Recitals

There is a broad consensus in Baltimore, both within City government and in the community, that we need to make substantial investments in recreation centers to give our youth more opportunities for constructive activities. It?s also generally agreed that providing these opportunities is an essential core function of Baltimore City government.

Despite the consensus that more recreation resources are needed, there is no matching consensus on where additional recreation funding can, or should, be found.

One idea under discussion has proposed seeking $40 to $60 million of a planned $136 million in recreation spending from the sale of City-owned parking garages. However, it is questionable whether taking a profit making asset that supports another important municipal responsibility off the books really makes fiscal or policy sense over either the long or short term.

If the City is looking to sell assets to fund the construction of recreatio...

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