Upcoming legislative session could complicate Steamboat’s plans to fund downtown revitalization
“The fast-approaching 2014 legistlative session in Colorado could complicate Steamboat Springs’ desire to use tax increment financing to revitalize parts of downtown. #For several years, cities around the state including Steamboat have used tax increment…
City for Champions foes support city-subsidized retail
“As Colorado Springs celebrates an economic jump-start thanks to the state agreeing to rebate taxes, City for Champions foes rail against the decision with moral indignation about government playing a role in economic development. Yet…
Downtown Colorado Springs likely to evolve as City for Champions’ venues take shape
“City for Champions, the effort to develop four tourism-related projects in the Springs, was awarded $120.5 million by the Colorado Economic Development Commission on Monday. That money is a portion of state sales tax revenue…
With Champions approved for Colorado Springs, planning and fundraising to begin
“Hours after City for Champions supporters learned Monday they would receive $120.5 million from the state to help fund four proposed tourism projects, and amid handshakes, hugs and high-fives at an afternoon news conference, former…
Many high-profile projects in Colorado have gotten help from tax increment financing
“City for Champions — four dreams of Colorado Springs civic leaders — could become reality through heavy use of development incentives known as tax increment financing. The $250 million plan to build an Olympic museum,…
Eco Devo Commission opens wallet for Colorado Springs project. Here’s why.
“That the Colorado Economic Development Commission chose to award Regional Tourism Act funding Monday to Colorado Springs’ “City for Champions Project” wasn’t terribly surprising, considering the competition — Colorado Springs was the only government entity…
City for Champions means tax relief
“Springs residents asking for “tax increment financing” are mostly fiscal conservatives seeking the aforementioned tax relief. They want state officials to cut Colorado Springs a break on 13 percent of the state’s portion of prospective…
Colorado Springs makes its case for economic development aid
“here was song and dance, booing and cheering, criticism and support Wednesday as City for Champions, a $250 million Colorado Springs development, was pitched to the Economic Development Commission. The commission will decide later this…
Downtown Colorado Springs land owner bows out of City for Champions deliberation
“Chuck Murphy, the only Colorado Springs representative on the state’s Economic Development Commission, will recuse himself Wednesday when city officials present their City for Champions proposal at a public hearing in Denver. Murphy, who owns…
Nutter’s Plan To Give Tax Break To Hotel Developer Upsets Some
“Mayor Nutter’s plan to give a tax break to a developer who wants to build two new hotels in Center City has drawn protests from other hotels in town. The plan comes before City Council…