This bulletin just handed to me: The City of Dallas already owns a hotel

I found this news fascinating. According to this no-holds-barred Web site, all those nay-sayers who say the City of Dallas shouldn't be in the hotel business (and, thus, are advocating a wrongheaded vote on the Dallas Convention Center Hotel issue), are overlooking the fact that the City of Dallas already owns a hotel -- the Hyatt at the D/FW Airport. Hmm.

The Web site also contains this information about the tax revenue bonds that would be used to finance the hotel's construction:

"ITS TAX-EXEMPT REVENUE BONDS ARE THE BEST OPTION FOR FINANCING SUCH A PROJECT BECAUSE TOURISTS WILL PAY FOR THE HOTEL. This is NOT a hotel paid for by taxpayers but a hotel paid for by conventioneers! The City has used revenue bonds regularly and has, in fact, issued over $2 billion in the last several years. These revenue bonds -- which are completely different than general obligation bonds used for city bond programs – will be repaid by people who use the facility (such as Love Field airport), not all the taxpayers. Tax revenue bonds have been used successfully by many other cities to build hotels … it’s a well proven model."

So there's that, too.