In The News: CIB Budget Fixes Could Hurt Tourism

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Arts and hospitality leaders expressed concern today that cutbacks the Capital Improvement Board plans to make to help address its operating deficit could hurt the city’s efforts to attract visitors.

The agency that operates the city’s sports stadiums and convention center is scrambling to fix its financial woes after state lawmakers adjourned Wednesday without approving a plan to generate more revenue.

The cash-strapped CIB, staring at a $47 million budget deficit next year, conducted an emergency meeting this morning to begin exploring its options.

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Posted by on Monday, May 4th, 2009. Filed under DCI World.