Explanation
Background: In December 2018, Columbus City Council passed Ordinance No. 3378-2018, which enacted Chapter 375 of the Columbus City Codes in order to establish the Creation, Innovation, and Inclusion Fund and an admissions tax on entrance to ticketed events held at places other than Nationwide Arena. Chapter 375 was further amended to strengthen the regulatory tax framework in December 2019 with the passage of Ordinance No. 3100-2019. This third piece of legislation will amend Chapter 375 to increase the admissions tax for ticketed events held at the stadium on Franklin County Parcel No. 010-300553 (the “Stadium”), currently known as ScottsMiracle-Gro Field, in order to repay debt service associated with obligations issued for additional capital investment in modifications for that Stadium and a new training facility (the “Training Facility”) to support a National Women’s Soccer League (NWSL) team.
Fiscal Impact: No funding is required for this legislation. The admissions tax established under Chapter 375 of the Columbus City Codes is being increased by (i) two percent on all Major League Soccer and other ticketed events (non-NWSL ticketed events) at the Stadium and (ii) seven percent on all National Women’s Soccer League ticketed events at the Stadium, and one-hundred percent of such described additional two percent and seven percent increases collected at the Stadium will be allocated to repayment of debt service for obligations issued to make payment to the Confluence Community Authority to support the Stadium modifications and the new Training Facility.
Title
To amend and enact various provisions of Chapter 375 of the Columbus City Codes in order to strengthen the levying, collection, and allocation of admissions tax for facility stabilization receipts. ($0.00)
Body
WHEREAS, Haslam Sports Group, Drs. Pete and Chris Edwards, and NRI Holdings, LLC through Columbus Women’s Soccer Holding Company, LLC (together with one or more to be identified af...
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