If approved by the Assembly and then voters, a raised hotel-motel tax for 15 years from 7 to 9 percent would help pay off the Centennial Hall-related debt that would be created by the bonds. The hotel-motel tax has not been raised in over 30 years, according to city documents.<\/p>\n\t\t\t\t
A similar increase was proposed last year to help fund the New JACC, but it did not make it to ballots<\/a>.<\/p>\n\t\t\t\t [New estimates are in: Here’s what it could cost to fix Centennial Hall and fund the New JACC]<\/a><\/ins><\/p>\n\t\t\t\t The tax increase would provide an estimated $440,000 per year in additional revenue, according to the Assembly meeting packet, and it would pay off about 45 percent of the $10 million of bonds and 65 percent of the the $7 million alternative.<\/p>\n\t\t\t\t The Juneau Hotel is located on W. 9th Street off of Egan Drive in downtown Juneau. (Michael Penn | Juneau Empire)<\/p><\/div>\n\t\t\t\t The lion’s share of the debt — 55 percent — would be paid off via a 1-percent increase in the property tax if the $10 million option is chosen.<\/p>\n\t\t\t\t If the $7 million option wins out, the 35 percent remaining would be paid for by a .4 percent increase in property tax.<\/p>\n\t\t\t\t New JACC<\/strong><\/p>\n\t\t\t\t An ordinance calling for an advisory proposition on New JACC funding was also introduced.<\/p>\n\t\t\t\t Previously, New JACC’s fundraising nonprofit partnership asked CBJ for $7.5 million in support in order to attract more private <\/a>donations<\/a>. The ballot question would ask voters whether the grant should be awarded.<\/p>\n\t\t\t\t There’s also a grant of $4.5 million being considered instead of the $7.5 million plan.<\/p>\n\t\t\t\t If the $7.5 million grant is made, $1 million would come from Fiscal Year 2020 sales tax, $3.5 million would come from the sales tax fund balance and $3 million would come from the city’s general fund.<\/p>\n\t\t\t\t![\"The](\"https:\/\/www.juneauempire.com\/wp-content\/uploads\/2019\/07\/17806295_web1_190719Juneau_Hotel.jpg\")
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