It’s the heart of the question posed during the Public Hearing held by the Online Home Sharing Economy City Council Committee on Wednesday, September 14. Hampton Roads Chamber of Commerce Executive Vice President Ira Agricola joined committee members as they listened to over 20 citizens voice their concerns about Virginia Beach short term rentals. The majority of those opposed to the business cited safety, noise, and lost tax revenue as primary areas of concern. Those who favored short term rentals recognized the positive economic aspect it brings to the city as well as the unique experience it give to the tourists. Moving forward, the city will look to start mandating those that participate in home sharing to register with the city and pay a transient occupancy tax in efforts to delegate accountability. The committee’s third and final meeting to develop an official recommendation to the Virginia Beach City Council and Mayor Sessoms will be held on September 28. To read more click here.