Grand Canyon Institute, a nonprofit think tank, released a new fiscal impact analysis on the proposed Tempe Entertainment District. MORE ⬇️
The report lists five key findings, focusing on what the district could bring to the city, as well as its impact on surrounding businesses in Tempe and the other arenas in the Valley:
The referenced community facilities district is a way for the TED to be"repaid through portions of sales tax, lodging tax and property tax revenues generated by the project and only by the project, and a surcharge on all sales within the project," according to the city of Tempe. The new report further explains the CFD, saying that the $208 million bond will be paid for over 30 years.The future of the Tempe Entertainment District has been left in the hands of the voters.
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