Atlanta City Council Approves Rental Tax to Renovate Sports Complex
The city of Atlanta will collect auto rental taxes through 2047 to help fund major upgrades to Philips, a downtown sports and entertainment complex, which includes Philips Arena.
Car rental taxes would help fund upgrades to Philips Arena in Atlanta. Photo via Flickr/Jack Piranha/Jymlii Manzo
Car rental taxes would help fund upgrades to Philips Arena in Atlanta. Photo via Flickr/Jack Piranha/Jymlii Manzo
The Atlanta City Council approved a deal between Atlanta and the city of College Park to collect auto rental taxes through 2047, according to a report by the Atlanta Journal-Constitution.
The agreement is expected to raise at least $110 million in funds that will be used to help renovate Philips, Atlanta’s downtown sports and entertainment complex, which includes Philips Arena, says the report.
College Park was required to sign off on the deal because car rental locations at Hartsfield-Jackson International Airport will be the source of revenue for the tax collections, according to the report.
Click here for the full Atlanta Journal-Constitution report.
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