In a special city council meeting Monday, October 28, 2019 they will be changing the water park deal.
They do these things in special city council meetings to avoid exposure to the citizens.
They first plan to cancel the earlier agreement with Great Wolf.
Why? Probably because their plan to give Great Wolf 100% of the sales taxes collected near the water park was going to run into trouble because the water park was not really a convention center.
Now it is
Our Texas legislature passed house bill 4347 in their last session.
One of the things the bill did was to qualify facilities that have at least 4,000 square feet of meeting space as a convention center.
In the agreement being cancelled the city promised to give the developer up to $40 million if Texas decided that our facility did not qualify as a convention center and thus would not be able to get the sales taxes collected from facilities around the water park.
Now that the water park and its adjoining meeting room will qualify the city is off the hook.
We however are not so lucky.
The sales tax money from stores near the water park would normally go into our general fund.
Now they will be used to fund the privately owned water park.
We deserve better