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Colorado Revised Statutes Title 32. Special Districts § 32-14-110. Privatization--study and consideration

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) The board shall study, consider, and pursue opportunities for privatizing the costs of acquiring a stadium site, the costs of constructing a stadium, or the costs of operating a stadium in order to minimize the use of sales tax revenues to the greatest extent possible for the purposes of this article 14. Such methods to be studied, considered, and pursued by the board in order to achieve such privatization shall include, but not be limited to, the following:

(a) Financial incentives from private sources, including landowners and developers, available to offset the cost of a stadium site and the construction, maintenance, and operation of a stadium, including, but not limited to: Contributions of money, goods, equipment, and services; financed purchase of an asset agreements; certificate of participation agreements; sale-leaseback agreements; and joint venture proposals;

(b) The sale or lease of the name of the stadium, any symbol or image of the general design, appearance, or configuration of the stadium, including trademarks, service marks, trade names, and logos;

(c) The sale or lease of seat rights;

(d) The sale or lease of luxury suites, commonly referred to as sky boxes; and

(e) The sale of long-term advertising, parking, and concession rights.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 32. Special Districts § 32-14-110. Privatization--study and consideration - last updated January 01, 2025 | https://codes.findlaw.com/co/title-32-special-districts/co-rev-st-sect-32-14-110/

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