New Bill Would Help Richmond Fund Hotel & Convention Center

January 7, 2019

As reported by Chron, Fort Bend County Commissioners Court adopted a Dec. 4 resolution to support the city’s pursuit of “proposed legislation enabling development of a hotel and convention center project.”

“It’s good usage of the hotel occupancy tax for economic development in central Fort Bend County,” said Matt Minor, chief of staff for Stephenson. “It would build basically a hotel/convention center smack dab in the middle of Fort Bend County. It has the potential to have a good positive economic impact on the Richmond/Rosenberg area.”

According to Chron, March minutes of the development corporation board refer to approving “economic development incentives, including using public funds to attract and retain high quality, full-time and high-paying primary jobs. Also to attract and retain commercial tax base, including property tax, sales tax and hotel occupancy tax.”

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