The Funding Review Advisory Committee Meeting #8 held in Columbus, Franklin County, Ohio, on September 9, 2025, highlighted critical discussions surrounding the financial sustainability of the city's convention and tourism infrastructure. Central to the meeting was the acknowledgment that the current funding model, primarily reliant on a bed tax established in 1988, is no longer sufficient to meet the growing demands of the community and the competitive landscape.

The bed tax, which includes a 4% countywide tax and a 5.1% citywide tax, has been a cornerstone of funding for the convention center and related facilities. However, the tax rate has remained unchanged for decades, despite increasing operational needs and competition from other cities that are adopting more aggressive financial strategies to attract events. The committee noted that while the existing structure has allowed for responsible management of facilities, it is inadequate for the significant renovations required to maintain a world-class standard for aging buildings like the convention center and Nationwide Arena.

A stark financial reality was presented: the Greater Columbus Convention Center (GCC) requires over $250 million in improvements, while the arena faces a staggering $400 million in modernization costs. The committee emphasized that without new funding sources, the system would be stretched too thin, risking the viability of Columbus as a competitive destination for conventions and events.

The discussions also touched on the shifting economic model for convention centers, where competitor cities are increasingly willing to subsidize costs to secure high-profile events. This trend necessitates a reevaluation of Columbus's funding strategies, particularly regarding the Business Development Fund (BDF), which is crucial for providing financial incentives to attract major conventions. The uneven participation in the BDF raises concerns about its sustainability, as it is heavily subsidized by the Columbus Facilities Authority (CFA).

In response to these challenges, the CFA is launching a master plan aimed at exploring future facility developments and community improvements that could generate new revenue opportunities. The committee underscored the importance of aligning marketing efforts with facility investments, as both are interdependent in driving visitor demand and increasing bed tax revenues.

The meeting concluded with a call to action for reinvestment in Columbus's tourism infrastructure. The committee recognized that while the industry is committed to investing in its future, collective efforts are essential to secure the necessary funding for shared priorities. As Columbus faces increasing competition, the need for a sustainable and innovative funding model has never been more critical to ensure the city remains a vibrant destination for visitors and events.