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.”