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VETO OF PROPERTY TAX BILL COULD "CLOUD" PEPSI CENTER PLANS
Published June 6, 1995
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).