It’s possible that a taxing economic development district might be a good thing for the old part of Bossier City. But the plans presented for a pair of these that the City Council will vet this week make that impossible.
The Council will consider in its first September meeting creating two such districts where one takes in most of the commercial establishments in the East Bank District and to the north, east, and south plus the Louisiana Boardwalk, while the four casinos comprise the other. All residences, some businesses and nonprofits, and government buildings are excluded.
Each will have the power to levy up to a two percent sales and/or two percent occupancy tax on businesses included, will go into a trust fund that may have proceeds spent upon transportation, street, right-of-way, and utility infrastructure, grants to new or existing businesses, and security measures, with no more than 30 percent annually spent in any one area, unless three-quarters of the management board (below) votes to override, plus a unanimous vote needed to spend on grants. The City Council will govern each, and, as there will be no residents in them, the Council unilaterally can decide whether to enact taxation and issue debt within them.