Pandemic shows signs of impacting Lubbock County Expo Center bud - FOX34 Lubbock

Pandemic shows signs of impacting Lubbock County Expo Center budget

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LUBBOCK, Texas -

Lubbock County Commissioners are bracing for a slump in the county's ability to borrow money.

With a drop in tourism and hotel occupancy, the future of the Lubbock County Expo Center project is now uncertain. 

So far, the county's raised about $2 million off the venue tax for that project, but stay-at-home orders dropped revenue for last month by a third.

In his report to the court, the Expo Center committee's chairman said the project's budget will have to be adjusted during the development phase, with input from contractors and consultants. However, County Judge Curtis Parrish warned that budget may drop by nearly half.

"If we still have these dreams of a very nice facility that I've got really wonderful pictures of, the burden is now going to shift to you. you guys are going to have to raise that money to have it," Parrish said.

Judge Parrish said the court anticipates its first bond pay-out of about $5 million the second week of May.

He said the county won't understand the full brunt of the pandemic's impact on the venue tax until the summer. 

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