Colorado § 32-14-110 Privatization - study and consideration

Colorado Statutes

§ 32-14-110 — Privatization - study and consideration

Colorado·Title 32 Special·Art. Denver Metropolitan Major League

(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;

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(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.

Colorado § 32-14-110 (Privatization - study and consideration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 89: Entire article added, p. 1333, � 1, effective June 2. L. 90: IP(1), (1)(a), and (1)(e) amended, p. 1519, � 5, effective April 16. L. 2021: IP(1) and (1)(a) amended, (HB 21-1316), ch. 325, p. 2055, � 70, effective July 1.