TITLE
Title
RESOLUTION APPROVING AMENDING THE CONVENTION/TOURISM PROMOTION BUDGET AND APPROVING EXPENDITURES FROM A PORTION OF THE SEVENTY PERCENT (70%) NET PROCEEDS OF THE OCCUPANCY TAX RECEIVED BY THE GREENSBORO/GUILFORD COUNTY TOURISM DEVELOPMENT AUTHORITY FROM THE ORIGINAL GUILFORD COUNTY THREE PERCENT (3%) ROOM OCCUPANCY TAX FOR THE ADDITION OF DRY-LAND TRAINING SPACE AT THE GREENSBORO AQUATICS CENTER
end
SPONSOR
Sponsor
Tony Cordo, President/CEO of the Greensboro/Guilford County Tourism Development Authority
end
BACKGROUND
Background
The Greensboro/Guilford County Tourism Development Authority (TDA) is requesting approval of an amendment to its FY 2026-27 budget to appropriate available fund balance for the development of a 4,200-square-foot dry-land training facility at the Greensboro Aquatic Center (GAC). The proposed project would be funded with existing Tourism Development Authority resources; no Guilford County General Fund dollars are required.
Under S.L. 1989-39, the Greensboro/Guilford County Tourism Development Authority is a public authority subject to the Local Government Budget and Fiscal Control Act. The legislation requires the Authority to submit its annual budget to the Guilford County Board of Commissioners for approval prior to adoption.
The proposed dry-land training facility would provide dedicated space for strength, conditioning, mobility, and other land-based training activities that complement aquatic training and competition. According to information provided in support of the project, the facility would also allow the GAC to meet facility requirements associated with certain competitive events for which it is not currently eligible to bid. This could expand the GAC's ability to pursue additional national and international swimming and diving competitions and further strengthen Greensboro's position as a sports-tourism destination. The GAC already hosts a significant portfolio of collegiate and national aquatic events a...
Click here for full text