CTV News: Tourism Vancouver pushing to extend hotel tax to Airbnb

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September 1, 2015 | Jon Woodward | CTV News

“NDP critic David Eby said any hotel tax increase is not about collecting more money for tourism – it’s really about paying off the outstanding debt that Tourism Vancouver has left from its share of building the Vancouver Convention Centre.

“In 2009, that debt was only $90 million. Despite millions in payments that debt has risen to $112 million in 2014.

“Eby says that’s because the province is charging Tourism Vancouver a 6.1 per cent interest rate, even though it’s borrowed the money at four per cent.”

Read more:

http://bc.ctvnews.ca/tourism-vancouver-pushing-to-extend-hotel-tax-to-airbnb-1.2543866