C.R.S. Section 32-14-110
Privatization

  • study and consideration

(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.

Source: Section 32-14-110 — Privatization - study and consideration, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-32.­pdf (accessed Oct. 20, 2023).

32‑14‑101
Short title
32‑14‑102
Legislative declaration
32‑14‑103
Definitions
32‑14‑104
Creation of district - area of district
32‑14‑105
Authorizing election
32‑14‑106
Board of directors - membership - qualifications
32‑14‑107
Board of directors - powers and duties
32‑14‑108
Conflicts of interest prohibited
32‑14‑109
Records of board - audits - legislative oversight - powers and duties of state auditor
32‑14‑110
Privatization - study and consideration
32‑14‑111
Criteria - stadium site - stadium
32‑14‑112
Consultation with urban land institute - Colorado baseball commission - consideration of recommendations
32‑14‑113
Costs - acquisition of stadium site - construction of stadium - use of public moneys - target percentage
32‑14‑114
Sales tax imposed - collection - administration of tax - discontinuance
32‑14‑115
Sales tax revenues - use
32‑14‑116
Operating revenues - use
32‑14‑117
Issuance of special obligation bonds
32‑14‑118
Pledge of sales tax revenues and net operating revenues
32‑14‑119
Payment, recital, and securities
32‑14‑120
Incontestable recital in securities
32‑14‑121
Limitation upon payment
32‑14‑122
Negotiability
32‑14‑123
Sale of special obligation bonds
32‑14‑124
Contracts
32‑14‑125
Management agreement - operation of stadium
32‑14‑126
Lease of stadium - major league baseball franchise
32‑14‑126.5
Revenue sharing
32‑14‑128
Limitations upon liabilities
32‑14‑129
Sale of real and personal property of district
32‑14‑130
Limitations upon promotional activities
32‑14‑131
Colorado baseball commission - creation - membership
32‑14‑132
Commission - powers and duties
32‑14‑133
Repeal of article
Green check means up to date. Up to date

Current through Fall 2024

§ 32-14-110’s source at colorado​.gov