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DFW Area To Get Tax Help For NBA All-Star Game

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Nov 4, 2009 8:08 am US/Central

DFW Area To Get Tax Help For NBA All-Star Game

ARLINGTON (AP) ― Texas will set aside more than $13 million in sales tax funding as the Dallas-Fort Worth area prepares to host the 2010 NBA All-Star game.

The Arlington City Council on Tuesday approved a financial agreement with the organizing committee and the state comptroller's office.

The Dallas Morning News reports the financial tool, known as a major events trust fund, uses estimates of how much money the game and related events could generate. The set-aside money can be used for advance costs such as security.

The calcuations are based on anticipated spending by people arriving for the event.

The estimated $13.3 million will be available to Dallas, Fort Worth, Arlington and the private committee organizing the 2010 NBA All-Star game.

The game is Feb. 14 at the new $1.2 billion Cowboys Stadium in Arlington.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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