Nov 14, 2013 9:46 AM by Garrett Boyd
Despite a recent financial setback for the City for Champions project, there could be a new plan to help bring in more visitors and jobs than first projected.
Developers want to create a brand-new baseball park, Olympic museum, new visitors center at the Air Force Academy and a new sports medicine center at UCCS.
A third party analysis recently found project supporters overshot the predicted number of tourists who might visit some of the facilities. In particular, the Olympic museum. That means the project would likely lose about $50 million dollars from the state to back the city for champions project.
Supporters now say they made major revisions to their proposal, adding to the cost, but hoping to bring more people in. Project planners now predict to get $120.5 million dollars from state sales taxes over a 30 year period. That is nearly $40 million more than their original request. However the original cost of the plan was about $218 million dollars. Mayor Steve Bach projected 750 permanent new jobs in the city from this project.
We are expecting to a more in-depth look of the new plans Friday.