
Blackstone cuts property valuations as higher rates hit returns
By Katherine Langford
Financial Times
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JAMESTOWN — The Jamestown Finance and Legal Committee recommended approval on a 3-2 vote to have the city attorney draft an amended an agreement between the city of Jamestown and Jamestown Tourism to increase Jamestown Tourism s share of the city collected restaurant tax from 40% to 50% beginning in 2027. Mayor Katie Hemmer and City Council members Shannon Davis and Brian Kamlitz recommended approval on Tuesday, Oct. 20, while Councilmen David Schloegel and David Steele were opposed. The committee will also have the city attorney modify the enterprise agreement between the city of Jamestown and Jamestown Tourism to include responsibilities for a convention and promotion director. The purpose of the enterprise agreement between the city of Jamestown and Jamestown Tourism is to utilize city tax revenues to promote regional culture, enhance tourism and generate economic growth. In related business, the Finance and Legal Committee unanimously recommended approval to dir