Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  | 

Convention Center Size Could Stymie Tax Rebates

The city of El Paso, TX announced it would be putting together a multimillion-dollar incentive package to encourage development of a Great Wolf resort, convention center and hotel at Interstate 10 and Paseo del Norte. However, the convention center’s size — 12,000 square feet — could be a problem for attracting $40 million in state hotel and tax rebates.

While the El Paso City Council approved tax breaks and a land swap for the development, the center is too small to qualify for the state’s convention center and hotel tax rebate program, according to William Hamner with the Texas Comptroller’s office in Austin.

If the $150 million development doesn’t receive the rebates, the money would come from the city’s economic impact fund, funded by El Paso Electric’s city franchise fee. However, Economic and International Development Department’s Jessica Herrera said she is confident the project will qualify for the rebates.

Pictured: Great Wolf Lodge, Pocono Mountains, PA

Connect Houston is taking place in February 2019. For more information — or to attend — click here.


Get CRE News in 150 words

For comments, questions or concerns, please contact Amy Sorter

Connect

Inside The Story

Read More at El Paso TimesConnect with Texas' HamnerConnect with El Paso's Herrera

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Development
RedOak-03-cube
KidderMathews-05-cube
New call-to-action
NAIOP-12-cube