Business Services Industry
Orange County, Fla., tourist-tax revenue rebound won't fund Orlando NBA arena.
Knight Ridder/Tribune Business News, November, 2004
The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Nov. 12--Orange County's tourist-tax revenue has rebounded to record levels, and the Orlando Magic still want money for a new arena.
However, the county's top financial watchdog wants to bank the extra cash, at least for now.
Comptroller Martha Haynie said Thursday that Orange County needs a large nest egg while it pays off more than $1 billion in debt the county accrued to build its sprawling convention center.
"This gives us a bigger safety net," Haynie said. "This is not the time to start looking for new projects."
Orlando Mayor Buddy Dyer, however, said local leaders should not wait to start talking about the future of the city's only professional...
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