Lambeau Field sales tax to expire by end of 2015
- Associated Press
- May 13, 2014 - 11:05 AM
GREEN BAY, Wis. — The Brown County sales tax that has helped fund Lambeau Field improvements will expire by the end of 2015.
Patrick Webb, executive director of the Green Bay/Brown County Professional Football Stadium District, provided the Brown County Board of Supervisors' Executive Committee with an update Monday evening, according to Press-Gazette Media (http://gbpg.net/1l8HNZL).
The 0.5 percent sales tax will expire no later than the end of 2015 and possibly as soon as Sept. 30, 2015, he said.
The district was set up by state law after Brown County voters approved a plan in the fall of 2000 to fund improvements to Lambeau Field with the 0.5 percent sales tax. The tax produces about $20 million annually.
While nothing would prevent Brown County from enacting its own sales tax for its own benefit, the Packer Stadium Tax comes to a definite close when the stadium district board meets its legislatively mandated responsibilities.
Webb said those responsibilities include paying off the bonds, which was done in 2011, and establishing a fund that will pay for maintenance of the stadium through the end of the Green Bay Packers' current lease in 2031.
When the tax produces the $92 million to cover its maintenance responsibilities, the district board has several decisions to make, including whether the board itself will continue to operate and what would need to happen if the tax generates more money than is needed.
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