8.08.010 Imposed.
Any person or persons, partnership of whatever form, or corporation in the business of admitting persons or groups upon payment of an admission charge to a pleasure ride or cruise, wrestling match, show or exhibition, boxing match, show or exhibition, sporting event, including but not restricted to baseball, football, rugby, soccer, hockey, basketball, rodeo, and other like entertainment presentation, are taxed upon the amount of gross receipts derived from such admission charges at the rate of five percent of the gross receipts, payable on quarterly calendar intervals; where the business is conducted for a period of time less than the licensing period hereinafter, the same rate of tax shall be levied and the amount thereof shall be paid for the period of time the business has been conducted.
Notwithstanding the foregoing paragraph, any person or persons, partnership of whatever form, or corporation in the business of admitting persons or groups upon payment of an admission charge to a pleasure ride or cruise, wrestling match, show or exhibition, boxing match, show or exhibition, sporting event, including but not restricted to baseball, football, rugby, soccer, hockey, basketball, rodeo, and other like entertainment presentation, and who or which: (1) has been designated the developer or redeveloper or co-developer or co-redeveloper (a "redeveloper"), pursuant to a redevelopment plan approved by the City by ordinance and a redevelopment agreement ("redevelopment agreement") approved by the LCRA, for the construction or substantial rehabilitation of a new or redeveloped sports arena, sports stadium, field house, ballpark or other type of sports or recreation facility to be constructed or rehabilitated after the effective date of the ordinance codified in this section ("recreation facility") and for the development of a substantial mixed-use development adjacent to the recreation facility which may include, but is not limited to, housing, offices, museums, entertainment venues, retail stores, restaurants or other similar facilities, all of which such facilities, including the recreation facility, are or will be located within a blighted and/or insanitary area, as determined by the City by ordinance, or (2) is the primary tenant, occupant or operator of the recreation facility, or has been designated as such pursuant to the redevelopment agreement ("tenant"), or (3) is an affiliate (as hereinafter defined) of such redeveloper or tenant, shall be taxed upon the amount of gross receipts derived from such admission charges at such recreation facility during the term of the redevelopment agreement at the rate corresponding to the estimated total amount of private investment for the construction or rehabilitation of the recreation facility as set forth in the redevelopment agreement in accordance with the following tax rate schedule:
Amount of Estimated Private Investment in the Recreation Facility
Tax Rate
less than $50,000,000
5% of gross receipts
$50,000,000-$99,999,999
4% of gross receipts
$100,000,000-$199,999,999
2% of gross receipts
$200,000,000 and above
0% of gross receipts