Read the following and in YOUR OWN WORDS (150-155), Identify the problem thanks.

Read the following and in YOUR OWN WORDS (150-155), Identify
the problem, Explain why this is the underlying problem. Cite any sources used.
This will be run thru a plagiarism checker, thanks.

The
Mayor of San Diego talks to the San Diego City Council because he wants to
expand the San Diego convention center. The expansion estimated the cost would
be higher than 520 million dollars. He wants to finance the expansion by
raising hotel taxes one to three percent. While getting the expansion off the
ground again, an attorney from a Hotel Development sent a letter to the Mayor,
City and Convention leaders to cease efforts of the increase. The letters cited
recent events including Mayor’s meeting with Port Officials favoring Convention
center expansion over there hotel projects and the City Council Rule Committee.
The expansion would set hotel developers back 13 million dollars on their
investment. The Developers already had an agreement to purchase the leasehold
after the expansion was shut down in 2014. However, the Mayor says after the
lawsuit ends in his favor he is going to take financial steps to secure the
extension by asking San Diego citizens to approve the funding. City officials
want to try to make both projects happen, but it is not financially
possible (Hirsh, 2017).

References:

Hirsh, L. (2017). More Conflict Ahead on
Convention Center Expansion. San Diego