DALLAS - Dallas Mayor Tom Leppert and his political allies have formed a political action committee to oppose a group seeking a referendum on the city's plans to issue between $400 million and $500 million of revenue bonds for a downtown city-owned convention center hotel.

The City Council has approved a financial plan for the 1,000-room hotel that includes up to $519.1 million of senior debt, $10 million of junior debt, and $10 million from the developer, Matthews Southwest. The council has also authorized the sale of $42 million of certificates of obligation to purchase the site for the hotel, with that debt expected to be called in when the revenue bonds are issued.

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