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Home Depot’s Taxing Solution
Under threat of a ballot measure, AEG has volunteered to impose a 2 percent tax on its tickets at the
The Carson City Council approved the deal in a 3-2 vote Dec. 9, according to the Daily Breeze. It simultaneously removed a proposed 5 percent ticket tax from the March ballot.
Some residents had complained that the 5-year-old stadium has been increasing traffic and noise without contributing enough in taxes, the Breeze said. An earlier proposal called for a tax as high as 10 percent; the city has a $5 million budget deficit.
According to city estimates, the 2 percent tax will bring in about $280,000 per year. It expires in 2016.
“We’re very pleased with the outcome,” John Keenan, general counsel for AEG Sports & Facilities, told the Breeze. “We have always felt that we’re an important part of the community.”