Quote:
Originally Posted by TakeFive
First of all taxpayers were NOT financing the resort hotel. They were to get a break on (whatever) taxes were a part of the agreement over 30(?) years. Most of the incentive was being provided by Aurora.
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They were not financing all of it but Gaylord certainly had the option of some city financing in that agreement. IIRC up to $200 million in bonds that Aurora renewal authority would issue upfront to give to Gaylord, and the taxpayers of Aurora would be on the hook for if the TIF district under-performed.
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