The lodging tax that funds the Warren County Convention & Visitors Bureau will be pledged to pay off debt on a $15 million sports complex to be built west of Lebanon.
This morning, the county commissioners agreed to pledge the 3 percent lodgings tax, as well as 1 percent recently added, to fund the Warren County Sports Park at Union Village.
A portion of the 3 percent is expected to be needed to satisfy holders of the bonds funding the project.
“Whatever is left over they get for their operations,” Deputy County Administrator Martin Russell said.
Also, the commissioners voted to transfer the property for the sports complex to the Warren County Port Authority.
The state law enabling the additional 1 percent in lodgings tax was amended to allow the port authority, rather than the county itself, to own the sports complex.
“We had that law changed,” Russell said during a work session with the commissioners.
Next Monday, the port authority, an independent board created by the commissioners, is expected to vote to issue more than $15 million in debt to pay for the facility, off Ohio 741 and Greentree Road in Turtlecreek Twp.
“Warren County taxpayers have zero liability,” Commissioner Dave Young said.
The port authority would turn over operation of the sports complex to the CVB.