Aug 17, 2026BoardMeeting
BoardMetropolitan Council Committee Committee Meeting
The committee discussed the financial structure for the new convention center expansion and concerns regarding the revenue projections. Key discussions included the refinancing of the Omni hotel economic incentive, the mechanics of debt defeasance using cash reserves, and the allocation of funds for East Bank infrastructure development. Members deliberated on the Tourism Development Zone (TDZ) legislation, the implications of the state's unilateral authority to extend it, and the strategic decision to remove the Metro backstop on convention center bonds to increase borrowing capacity for other city priorities, such as affordable housing.