The penny sales tax resulted in a collection of $309 million, plus $54 million in interest subsequently earned by the city. The pay-as-you-go program is widely considered to be revolutionary among American civic leaders, and it was continued on to fund MAPS for Kids, the ongoing Chesapeake Energy Arena renovations and MAPS 3.
“What it did for the city was more than bricks and mortar. What it did was change the attitude of the city,” Norick said. “It went from a city that was not known for anything, not doing well financially, people moving to the suburbs, nothing positive was really happening, and all of a sudden something gave the people a positive attitude. It really bleeds over into today.”