Colorado City's $279 Million Mall Subsidy
17 April 2001 - 6:00am
Broomfield, CO, has agreed to a huge business subsidy to spark economic growth.
"Broomfield city officials were so gung-ho to attract the new FlatIron Crossing mall and neighboring stores that they agreed to pay developers one of the largest business subsidies in the history of Colorado - $279.5 million. [Broomfield's] solution: Let the developer build all the roads and water and sewer lines for the mall, and let the city repay the developer for the work over time."
Full Story:
Mall subsidy tops $279 million
Source:
The Denver Post, April 16, 2001
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