Monday, December 16, 2013
EDC staff recommends $53 million for C4C
By Pam Zubeck
on Mon, Dec 16, 2013 at 8:48 AM
—- ORIGINAL POST MONDAY, DEC. 15, 2013, 8:48 A.M.—
In just a few minutes, the state Economic Development Commission
will decide how much in state sales tax money is warranted by City for Champions
, a tourism package of four projects in Colorado Springs
The city wants $120.5 million. But the staff of the Office of Economic Development and International Trade
is recommending the EDC stick with the finding of the state's consultant and provide only $53 million.
Here's the letter to the EDC containing that recommendation:
UPDATE: The EDC has approved the city's full request of $120.5 million over 30 years to built four tourist attractions in Colorado Springs.