Business & Economy,
May 4th, 2012
By Luna Nola
Committee Amendments to LA SB 573 are now available and in active consideration. These amendments apparently reflect a proposal that was circulated at the end of last week.
The French Quarter Management District (FQMD) is an existing legislative district encompassing the historic Vieux Carré boundaries (Canal St. to N. Rampart St. to Esplanade Avenue to the Mississippi River to Canal St.), as well as both riverside and lakeside of N. Rampart Street from Canal St. to Esplanade Avenue. This amendment would direct the non-PR/tourism marketing revenues collected from within the FQMD’s boundaries to the FQMD.
FQMD will not be able to use any funding from the 1.75% hotel tax, .245 food & beverage tax, or overnight hotel parking tax on administrative overhead. All of those revenues must be spent on sanitation, maintenance, enforcement, etc.