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Radical idea for financing C4C’s projects

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

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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Let’s see: A scant majority of city councilors appears to be dead set against the Mayor’s “City for Champions” proposal. Never mind that every other regional elected body has endorsed the application; never mind that we might get $55 million in state tax increment financing for the four Regional Tourism Act projects; never mind that… Continue Reading Betting money on it: Council goes down, C4C rises

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City body-slams EPS in response to Regional Tourism Act analysis

Attorneys representing clients in the courtroom are guided by a simple set of rules: If the facts are with you, pound the facts; If the law is with you, pound the law; If neither the facts nor the law support your client, pound the table! The city’s response to the third-party analysis of the administration’s… Continue Reading City body-slams EPS in response to Regional Tourism Act analysis

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City for Champions revisions follow analysis

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City for Champions revisions follow analysis

Organizers of the City for Champions proposal requesting Regional Tourism Act funds to help build four major projects in Colorado Springs spent this week preparing a response due Friday to the Colorado Economic Development Commission, after a third-party analysis questioned whether the local campaign qualified for RTA funding. Mayor Steve Bach’s proposal didn’t impress Economic… Continue Reading City for Champions revisions follow analysis

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Mayor Steve Bach’s City for Champions proposal didn’t impress Economic and Planning Systems, the third-party analyst hired by the Colorado Economic Development Commission to evaluate the city’s request for state tax increment funding. EPS found that visitor estimates by the city were overly optimistic; financial data was skimpy, insufficient and/or inaccurate; and cost and revenue… Continue Reading Third-party analysis forces City for Champions revisions

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City could have second shot at millions

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More often than not, January offers us the chance to assess, revise and sharpen our long-term plans, both in our business and personal lives. Nothing is moving too fast early in the new year, so we take a deep breath and rearrange our priorities. Usually. But in the first days of 2013, Colorado Springs faces… Continue Reading City could have second shot at millions

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