SBD/6/Facilities Venues

VETO OF PROPERTY TAX BILL COULD "CLOUD" PEPSI CENTER PLANS

     CO Gov. Roy Romer "suprised" critics by vetoing an "eleventh
hour" bill that would have overturned a CO Supreme Court ruling
that declared property tax exemptions on government land illegal.
The bill was supported by the Nuggets, who are hoping to build
the new 19,000-seat Pepsi Center on government land and continue
to keep the property-tax exemption they presently have at city-
owned McNichols Arena (Dan Lazadder, ROCKY MOUNTAIN NEWS, 6/6).
Romer, who acknowledged that "business deals have been built upon
this tax policy":  "If you just bought the Nordiques ... and have
a very good market, I think you're not going to let that (the
veto) get in the way of your market."  Romer said he vetoed the
bill because its last-minute passage "looked like 'chicanery'" to
taxpayers.  Romer hopes to get a bill passed in the next
legislative session that will eliminate other parties from the
exemption such as airlines and concessionaires at Denver Int'l
Airport from the law.  Romer:  "We're going to do everything we
can to solve this problem the right way.  I want that Comsat
facility here" (Jennifer Gavin, DENVER POST, 6/6).
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Related Topics:

Denver Nuggets, Facilities, PepsiCo

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