Title

"From the Ground Up" piece on how Maine leaders should strategically capitalize

Authors

Scott Tompkins

Source

Mainebiz

Date

7-25-2005

Pages

41

Abstract

"From the Ground Up" piece on how Maine leaders should strategically capitalize on tourism by allowing local option taxes on meals, lodging, and car rentals. Such a tax would allow cities to make capital improvements while still keeping Maine's tax rate lower than the majority of tourist centers nationwide. Larry Benoit, a principal of Portland and Augusta-based BSSN Resources, a governmental affairs consulting firm, notes that developer Joe Boulos' proposed Lincoln Center project in Portland, which failed to go forward for lack of such a tax, would have generated more than $20 million annually in new personal income for Cumberland County residents.

Subjects

Taxation, Tourist trade, BSSN Resources LLC, Cumberland County

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