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Analysis – primer on C4C tax increment financing

“Colorado Springs is the heart of the United States Olympic movement,” former Colorado College President Dick Celeste told City Council this week. “But unlike Pikes Peak, [the Olympic Committee] can move.” To forestall any such departure, Celeste suggested the city move vigorously forward with City for Champions, the four-project proposal to which the state Economic… Continue Reading Analysis – primer on C4C tax increment financing

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Radical idea for financing C4C’s projects

As debates go, the ongoing discussion over how to finance the City for Champions downtown projects quickly boils down to a few questions. Will Colorado Springs taxpayers have to foot part of the bill? Would that mean a public vote by city residents? And if they don’t, who will provide the tens of millions in… Continue Reading Radical idea for financing C4C’s projects

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As Colorado Springs watches, county’s first retail shops could open by April. On Jan. 21, the Manitou Springs City Council voted on a second reading of an ordinance to allow two retail marijuana stores to operate within a narrowly defined commercial area of the city. Since the Council passed the ordinance on first presentation by… Continue Reading Manitou set to own pot market

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Year in review: Tourism

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Year in review: Tourism

Tourism endured another tough year with Mother Nature’s unkind antics. Recent weeks, though, have buoyed the industry with promises of a smoother future, as the City for Champions proposal received full funding from the Colorado Economic Development Commission on Dec. 16 and City Council restored the Colorado Springs Convention & Visitors Bureau’s full $2.6 million… Continue Reading Year in review: Tourism

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CVB, RBA win full funding amid overrides

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“It’s been a great week!” said Colorado Springs Convention and Visitors Bureau CEO Doug Price, reacting to City Council’s decision to sustain Mayor Steve Bach’s veto of a proposed $1.3 million cut in the organization’s budget, following on the heels of the state Economic Development Commission’s support of the City for Champions proposal. Mayor Bach’s… Continue Reading CVB, RBA win full funding amid overrides

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City for Champions approved for full state funding

After months of uncertainty, revisions, controversy and discordant public opinion, the Colorado Economic Development Commission decided Monday to give Colorado Springs a chance to back up its promises. Despite staff and third-party advice to the contrary, the commission approved full tax-increment funding via the Regional Tourism Act for an estimated $120 million to help finance… Continue Reading City for Champions approved for full state funding

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“It’s been a great week!” said Colorado Springs Convention and Visitors Bureau CEO Doug Price, reacting to City Council’s decision Wednesday morning to sustain Mayor Steve Bach’s veto of a proposed $1.3 million cut in the organization’s budget, following on the heels of the state Economic Development Commission’s support of the City for Champions proposal.… Continue Reading CVB, RBA win full funding amid Council’s overrides

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Commission unanimously approves City for Champions

  In a stunning and unanticipated victory for Mayor Steve Bach and his economic vitality team, the Colorado Economic Development Commission fully funded the city’s request for the City for Champions project. Bach’s team had requested tax increment funding in the approximate amount of $123 million, while a third-party analyst and the EDC staff had… Continue Reading Commission unanimously approves City for Champions

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National travel industry publication covers local dustup

Here’s a quick look at our quarrelsome city political landscape from the website of “Meeting and Conventions Magazine.” And following is yet another blistering email from Broadmoor Hotel CEO Steve Bartolin to City Council. City Council Slashes Colorado Springs CVB Budget by Sarah J.F. Braley | December 11, 2013 According to local news reports, the… Continue Reading National travel industry publication covers local dustup

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DENVER — With its single ally on the inside of the process changing sides from the dais to the audience, a contingent of civic and government leaders from Colorado Springs presented their case Wednesday for the City for Champions project to the state Economic Development Commission. EDC member Chuck Murphy, after confirming Tuesday that he… Continue Reading City takes its case to state EDC for project funding

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