Tuesday, October 29, 2019

Air Force Academy Visitors Center project advances

Posted By on Tue, Oct 29, 2019 at 5:40 PM

click to enlarge A rendering of the visitor center project and accompanying buildings. - COURTESY AIR FORCE ACADEMY
  • Courtesy Air Force Academy
  • A rendering of the visitor center project and accompanying buildings.

On Oct. 22, City Council took a series of steps to push forward on the Air Force Academy Visitors Center project — part of the City for Champions development package. It is being partially funded with state tax money via the Regional Tourism Act.

Council approved which properties will be included in the 57-acre project at the Academy’s north entrance, which will include retail, office and commercial space, a hotel and the center itself.

Blue and Silver Development Partners LLC is building the project in cooperation with the Academy and won Council approval to issue up to $80 million in debt to fund the business improvement district. According to its 2020 plan, the district will levy up to 50 mills in property taxes for debt service and 10 mills for operations and maintenance. It also plans to impose a public improvement fee of 3 percent on retail sales and 2 percent on lodging.

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