SHREVEPORT, La. — Nearly 20 years after constructing the Hilton Shreveport, the city-owned operation does not generate sufficient revenue to cover debt payments for its construction bonds, a fact that city officials say won’t change.
As a consequence, the hotel’s enterprise fund – a government-owned business accounting fund – is accumulating a substantial deficit that is expected to remain outstanding. The city suggests that this accounting deficit does not necessarily have to be fully resolved as long as the hotel fund remains in existence.
The city previously examined possibly selling the Hilton but decided not to pursue that option, according to Tom Dark, chief administrative officer…