Question

Congratulations! You have just been appointed to your city’s council. You discover that a hot topic soon to be presented to the council is the construction of a convention center. Your initial research shows that several midsized cities are considering the convention center as a way to increase economic activity, including job creation. The challenge these cities face is how to finance the convention center; projected costs are RM100 million. Voters may resist a ballot to increase local taxes (either property or sales), but there is still the transient occupancy tax (TOT)- that is, taxes paid by people staying in local hotels-to consider. However, that tax is already earmarked for various local charities, and as we all know, good politicians want to get reelected, so voting against several worthy causes would not be popular. How can the center be financed and built? The city could float a bond on the market or could raise the TOT, but that might dissuade some groups from coming to your city because other cities have lower TOTs. What would you do? What information do you need in order to decide whether to support or oppose the convention center?

Answer 1

ANSWER:

As per the given Question

step-1

To raise funds for such convention center following two methods are very useful: - Music and arts. In every community there are some non-profit and 'Music for Everyone' type of groups. These groups perform for social cause and charity. Some entry fee can be levied from audiences for such performances. In this way their performances can be used to raise funds.

step-2

- Reaching out to donors. There are many rich people who donate money for social causes. Members of convention center can contact those people and ask monetary help from them. It will help in raising funds.

step-3

But before entering into any fund raising activity, one should study and analyse the achievements of such convention centers running in other cities. If their activities have generated employment and helped improve quality of life of people in need, the convention center should be promoted Otherwise it should be opposed

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