The ballot measure authorizing the tax gave control to the unelected FQMD board, which city officials have criticized.
The change comes as vaccine demand has started to wane.
The dispute involves millions of dollars in contested hotel taxes that the transit agency previously passed on to the tourism industry.
The Convention Center and development team now enter a year-long negotiating period for the massive new development.
The plan had previously been put on hold due to the COVID-19 pandemic.
The request for the audit came after the utility unnecessarily cut power to thousands of customers during a freezing Mardi Gras night.
Lawyers for the city say the move doesn’t conflict with the Home Rule Charter.