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FAQ Q: Will the city of Wheeling taxpayer ultimately be responsible for the debt? A: No. The CVB has committed $1.5 million in future hotel/motel bed tax revenue to pay for the acquisition and public safety upgrades at the Capitol Theatre. Bed tax revenue is collected from visitors who stay in Wheeling area hotels and motels not from Wheeling taxpayers. According to the ERA study, new tourism activity associated with the reopened Capitol Theatre will also generate local and state tax revenues (primarily sales and bed tax). On an annual basis, ERA estimated visitor expenditures attributable to the reopened theater will generate between $173,739 (baseline) and $226,366 (optimistic) in city and state tax revenues each year. It is important to note that these are direct tax impacts and does not account for increased rounds of spending in the area. Other Freqently Asked Questions How do I get to the Capitol Theatre. What kinds of programming can I expect to see at the Capitol Theatre? Who owns the Capitol Theatre? Why is the Capitol Theatre so important to Wheeling and its surrounding area? Can I rent a room in the Capitol Theatre for an event? Will Brad Paisley be performing and is their any truth to the rumor that he will donate money to the renovation? Will the current tenant, Clear Channel, remain in the building? What will be the new lease agreement? If the building is in need of such repair and is unable to open to the public, how has the radio stations and the employees been safe to work all these years? Once the theatre is restored, where are the people with the disposable income going to come from to attend the events at the theatre, is there a marketing plan? Since the CVB is now obligated to make the Capitol payments, how will the CVB meet their other financial obligations and who will cover operations and promotions? Who will be responsible for the debt of the Capitol in the future? Who will be the non-profit that will eventually take ownership of the Capitol? Will the city of Wheeling taxpayer ultimately be responsible for the debt? There is no explanation of how the renovated theater will provide the income to pay expenses, including the payroll of 65 new positions, Who will pay this and how will the income be generated? What will you do with the Capitol to bring in revenue? What can the Capitol do that Wesbanco Arena cannot already? If the Capitol Theatre was to be awarded the CDBG money, what would it be used for, $400,000 is a lot of money for a bathroom? I do not understand why there is an issue with parking, do you feel there will be a lack of parking? Will the renovation projects benefit local companies? Will the supplies and contractors be from the Valley? Since the Capitol will re-open, does this mean the Saturday Night Jamboree on WWVA will return? What is a Convention and Visitors Bureau?

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