Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

State: 
Virginia
Reporting Jurisdiction: 
Virginia Beach
Jurisdiction type
Municipality
Fiscal year ending In: 
2019
Program name: 
Public Private Partnerships - 25th Street parking Garage and iFLY
Program purpose
Tourism development
Statutory authority
Virginia Public-Private Education Facilities and Infrastructure Act of 2002
Abating jurisdiction(s)
Virginia Beach, Virginia
Applicable taxes: 
Admissions Tax
Method of abatement
Tax rebate; reimbursement
Provisions for recapture
(not specified)
Gross revenue loss
$85,820
Reimbursement / offset
$0
Net revenue loss
$85,820
Type of loss
Active
Additional notes on dislosure: 
(none)