Plano voters reject Proposition A to help fund proposed Dallas Stars arena – CBS News

Plano voters reject Proposition A to help fund proposed Dallas Stars arena  CBS News

Plano voters rejected Proposition A on Tuesday, a ballot measure that would authorize new venue-related taxes to help finance a proposed Dallas Stars arena and entertainment district at the Shops at Willow Bend.The measure asked voters to authorize several taxes that could help fund the city's contribution to the proposed $3 billion development, which would include a new hockey arena, restaurants, shops and public spaces."The proposed redevelopment at The Shops at Willow Bend remains an important opportunity for our community. We are committed to thoughtful reinvestment and responsible stewardship of taxpayer dollars as we consider what comes next. I appreciate everyone who made their voice heard in this election," Plano Mayor John Muns said in an overnight statement.Under Proposition A, the city could impose a hotel occupancy tax of up to 2%, a short-term vehicle rental tax of up to 5%, an event parking tax of up to $3 per vehicle and an admissions tax of up to 10% of ticket prices.

The measure also included a facility-use tax of up to $5,000 per game on each member of a major league team playing at the venue.Plano officials have said the proposed taxes would apply to specific transactions and would not increase the city's existing property tax rate. The city's potential financing plan also includes commercial property tax revenue generated