Solms Landing will also generate $320,000 of construction sales taxes for the city, according to developers, and $2.6 million in sales taxes for the state. Once complete, the development is expected to provide an annual payoff of almost $2 million in tax revenue for the city; $450,000 in hotel occupancy taxes; and more than $1 million in property taxes.
The concept behind the creation of a PID is that the additional assessment will eventually benefit those within the zone.
