Business

City council offered options for financing Center remodeling

Published

6 years ago

March 18, 2019

Brad Williams

The city of La Crosse is getting close to deciding on a plan to expand the La Crosse Center.

Now, city leaders have to figure out how to pay for it.

Two financial advisors for the city spoke to council members on Monday, presenting different options for bonding of the $42 million project.

Depending on the kind of bonds the council chooses, the project could be paid off in about 20 years, or 40 years.

The council also has to decide how high the hotel room tax should be.

It’s at 8 percent now, but could be increased to 12 percent to bring in more revenue to finance the center remodeling.

Related Topics:bonding hotel room tax La Crosse Center

Brad Williams

A native of Prairie du Chien, Brad graduated from UW - La Crosse and has worked in radio news for more than 30 years, mostly in the La Crosse area. He regularly covers local courts and city and county government. Brad produces the features "Yesterday in La Crosse" and "What's Buried on Brad's Desk." He also writes the website "Triviazoids," which finds odd connections between events that happen on a certain date, and he writes and performs with the local comedy group Heart of La Crosse. Brad been featured on several national TV programs because of his memory skills.