Issue link: https://newsleader.uberflip.com/i/336863
Haley replied that while her board preferred to lose none of the money, "we understand that the commissioners are trying to create more tourism product with these capital funds." Her board members had settled on the loss of 7.5 percent from that one penny's revenue, she added. Projections show "that, in fact, by 2016, we will have made up that cut" because of antic- ipated growth in TDT revenue," she said. "It's as good as we can get from a recommen- dation standpoint," noted TDC Vice Chairman John Ryan, president of the Venice Chamber of Commerce. Still, Ryan pointed out, if the county ends up with more infrastructure, more money will be needed to market it. When TDC member Jeffrey Mayers asked before the vote whether the adjustment in the allocation would be revisited annually or every five years, Patterson said, "This is indefinite." Nonetheless, Cunningham asked about amending the motion to call for the funding A chart shows projected amounts of revenue over the next five fiscal years resulting from a decrease in promotional funding allocations to Visit Sarasota County combined with expected excess revenue in an account for Ed Smith Stadium. Image courtesy Sarasota County Sarasota News Leader June 27, 2014 Page 62