Colo. officials question Aurora hotel's eligibility for tax incentives

06/20/2013 | American City Business Journals

Some members of the Colorado Economic Development Commission are expressing doubts about awarding tax subsidies for the development of a 1,500-room hotel and conference center in Aurora upon learning that the project's estimated cost dropped from $824 million to $735 million. "Our position at the state EDC has been all along that if it's not exactly the same project, they need to come back for permission," said commission member Bill Sisson. The project was awarded $81.5 million in incentives before developer Gaylord Entertainment pulled out and Rida Development Corp. and Area Property Partners decided to take the reins in building the facility.

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