Convention Center to consider millions in tax breaks for new ‘headquarters hotel’

Audio recording is automated for accessibility. Humans wrote and edited the story.

Officials with the Ernest N. Morial Convention Center are considering tax incentives for its new $600 million headquarters hotel that could be worth millions of dollars over the next 45 years.

Most consequential among proposed tax breaks is an anticipated payment-in-lieu-of-taxes deal, or a PILOT, for the incoming Omni Hotel. Commissioners deferred a vote of approval of the tax incentive at a meeting for the hotel taxing district on Wednesday (March 25)…

Story continues

TRENDING NOW

LATEST LOCAL NEWS