The new plan calls for a 1.4 percent increase in the room tax and not the two percent originally suggested.
The new plan was reached during "behind the scenes" discussions earlier this week.
Dave Rathbun of Mt. Bachelor was against the original plan, but is on board with the compromsie.
"I feel proud we were able to reach a compromise. It's not perfect and neither side is thrilled with it, but it's the right thing for tourism. It will help us grow and have a little bit of responsibility in year one of the deal."
If put on the November ballot and it's approved, only 1 percent of the room tax increase would be implemented in June of 2014 wit the full 1.4 percent starting in June of 2015.
The Bend City Council plans to hold a public hearing on the proposal at its July 10th meeting.