HIGH POINT – The city’s leading tourism agency has expressed support for the proposed $ 300 million bond issue by schools in Guilford County.
Visit High Point’s board on Wednesday approved a resolution supporting the passage of the bond issue and a related sales tax increase of a quarter of a cent, both of which are before voters in this election.
Visit High Point President Emeritus Doyle Early said $ 300 million would only scratch the surface of the school system’s capital needs and that he wanted to better understand the connection between the state of public schools and the local economy.
Patrick Chapin, president and CEO of Business High Point-Chamber of Commerce, said the Prosperity Guilford Political Action Committee had approved candidates in an attempt to remove the Guilford County Board of Commissioners from control Republican in Democratic control for the same reason.
He said funding schools was not a partisan issue for the PAC, whose board is mostly run by Republicans.
Visit High Point is the latest local organization to approve school bond and sales tax measures, along with BHP Chamber and the High Point Regional Association of Realtors.
Visit High Point President Melody Burnett also briefed the board on the latest developments with her main source of income, which has been severely affected by the coronavirus pandemic.
Hotel occupancy tax revenues remain down by around 70% in recent months as room reservations have fallen. Collections improved from $ 11,536 in April to $ 66,291 in August.
Visit High Point posted an operating loss of $ 77,120 through September and cut spending on things like convention promotion.
“At least we’re not burning a lot of money. This is the good news, even though our revenues are declining, ”said President Cliff Mann.
The organization, which has a total budget of around $ 2 million, also has $ 1.2 million in reserves, according to its balance sheet.
Burnett said the city’s largest hotel, the Red Lion, was closed for the fall High Point Market, which ended Wednesday, for renovations.
In another area, the Visit High Point Board of Directors is adding three new members: Patrick Walker with Courtyard by Marriott, Jonathan Marquez of Northwood Animal Hospital and Derek Cress of JH Adams Inn.
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