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Public Improvement District Fund

PID #18 – Tourism

FUND SUMMARY

Change from
FY2020 FY2021 FY2021 FY2022
FY2021 Adopted
Final Adopted Adjusted Adopted Amount %
Other 2,780,900 4,178,453 - 3,950,000 (228,453) -5.47%
Other Tax - - 2,800,000 - - 0.00%
Revenue $2,780,900 $4,178,453 $2,800,000 $3,950,000 $ (228,453) -5.47%

Gen Operating & Maintenance 3,144,993 4,123,453 2,745,000 3,895,000 (228,453) -5.54%
Transfer Out & Other 55,000 55,000 55,000 55,000 - 0.00%
Expenses $3,199,993 $4,178,453 $2,800,000 $3,950,000 $ (228,453) -5.47%

FUND PURPOSE AND GOALS

Public Improvement District (PID) #18 - Tourism was established in August 2017 for a 10-year term, expiring in
2027. The goals of the proposed Tourism PID focus on increasing the economic impact and enhancing
competitiveness in conventions, meetings, leisure and sports tourism, and increasing tourism-related economic
activity at all times, including economic downturns and as inventory grows.

The Tourism PID projects include incentives and sales efforts, convention and sports marketing and promotion,
site visits and familiarization tours, community arts grants, convention services, event funding application,
operations, research, and administration, all of which benefit the hotels within the Tourism PID. The boundaries
include noncontiguous areas authorized under the Act, consisting only of hotel properties with 100 or more rooms
ordinarily used for sleeping within the City of Fort Worth.

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