Baltimore City owned Hilton still in debt, expected to dip into tax revenues.

[KSweeley]

Link: http://www.bizjournals.com/baltimore....html?page=all

Exclusive: Hilton Baltimore dipping into tax revenue to pay debt

Feb 26, 2013, 12:52pm EST

The Hilton Baltimore will likely take about $1 million from hotel tax revenue it generates to cover its bond payments this year.

The $305 million city-owned hotel has struggled to pay its debt since it opened during the recession in 2008. Controversial from its inception for being a publicly financed hotel, it continues to raise questions about its viabiilty in a tough hotel market. A new fiscal report even cited the property as a potential economic burden on the city.

Baltimore Finance Director Harry Black said the hotel has never had a chance to get a strong financial foothold.

[overtaxed]

Maybe they should get it from O'liars campaign funds. After all, he is the one that said what a great deal it was.

[ybnormal]

Are you aka SalR just regurgitating the headlines???