current Shops at Willow Bend mall<\/a>, City Council ultimately voted to add \u2018Proposition A\u2019 to the ballot, which would include a short-term motor vehicle rental tax (up to 5%), event parking tax at the venue (up to $3 per venue), event admissions tax (up to 10% of ticket price), venue facility use tax (up to $5,000 per game) and hotel occupancy tax (up to 2%).<\/p>\nThese combined taxes would put $700 million toward the arena without increasing Plano\u2019s property taxes.<\/p>\n
Revenue generated from the Willow Bend Tax Increment Reinvestment Zone (TIRZ) has not been placed on the ballot, though the City is exploring it as an option to finance the arena. The City also noted that a vote \u2018against\u2019 the proposition would not be a vote against the development.<\/p>\n
The Plano Citizens\u2019 Coalition is hosting a discussion on the future of the mall at the mall, open to the public on Aug. 25 at 6:30 p.m. According to the event posting<\/a>, Former CEO of Centennial Group, owner of the Willow Bend Mall, Steven Levin will address the community on why the original mall plans were altered and what the current strategy entails. Following those remarks, Council members Bob Kehr and Vidal Quintanilla Jr. will take the floor to hear feedback from residents.<\/p>\n","protected":false},"excerpt":{"rendered":"In November, Planoites will vote whether to impose new taxes on visitors to the city through car rentals,…\n","protected":false},"author":2,"featured_media":404040,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[110,160,18650,162,161,17090,2445,141549,28744,141550],"class_list":["post-404039","post","type-post","status-publish","format-standard","has-post-thumbnail","category-plano","tag-development","tag-plano","tag-plano-city-council","tag-plano-headlines","tag-plano-news","tag-redevelopment","tag-tax","tag-the-dallas-stars","tag-the-shops-at-willow-bend","tag-the-willow-bend-mall"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/404039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=404039"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/404039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/404040"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=404039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=404039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=404039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}