The Real Deal Miami

Hotel taxes drop 24 percent in February

April 08, 2009 03:37PM

Hotel taxes in Miami-Dade County dropped by 24 percent in February, a steeper decline than January’s 17 percent. The fall in tax revenue was due to reduced rates and decreased business travel amid the recession, industry experts said. Miami-Dade’s hotel taxes over the next 40 years are expected to fund 90 percent of the county’s construction debt for the new Marlins stadium. County Manager George Burgess must decide by July 1 whether the tax revenue drop means hotel taxes will no longer be able to fund the stadium construction.