In May, Colorado Springs developer Bill Schuck and Oakwood Homes president Pat Hamill announced separately their desire to each build a motorsports track and complex on land in Aurora near Denver International Airport.
The competing proposals want to take advantage of the recently passed Colorado Regional Tourism Act that would allow developers to receive sales-tax revenue generated from new attractions to pay off bonds used for construction of the projects.
http://www.denverpost.com/news/ci_12818665
This article basically seems like a sales pitch for this project, it goes on about the economic benefits that will be generated by having this racetrack. I am always very suspicious of these types of claims. If a proposal is a virtual guarantee of being successful, then there is no reason for taxpayers to subsidize the project. Most of the time when tax money is involved it is because the proposal is really a stinker from a financial perspective, but it is something that will allow a lot of money to be redirected to the politicians and the politically connected under the guise of doing something for the community.
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