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BRONCOS STADIUM PLANS RECEIVE SOME MILE HIGH GUIDELINES
Published March 18, 1998
A new Broncos stadium "could be called Mile High, would not have a retractable roof dome, and a fourth of the cost would be paid by team owner Pat Bowlen under a bill approved by a House committee Monday night," according to Peggy Lowe of the DENVER POST. As the bill now stands, Bowlen would have to pay for 25% of the stadium, which he estimated will cost at least $340M without a dome. Previously, Bowlen's cost was capped at $100M. Under the present bill, the amount of taxpayer subsidy is unchanged, at $266M. The measure, already approved by the Senate, would extend a six- county 0.1% sales tax, already in place for Coors Field, to 2018 (DENVER POST, 3/17). In CO Springs, Mary Boyle reported that the committee also voted to retain the name Mile High Stadium, "despite the fact that selling the naming rights could save taxpayers as much as" $20M. Boyle added that the bill still "faces more controversy on the House floor" (GAZETTE TELEGRAPH, 3/17). In Denver, Chuck Green writes that the House "should be proud" of the committee's decision to require Bowlen to pay one fourth of the construction costs, "since that is a practical way of limiting extravagant spending." Green adds that the total project "is likely to cost in excess of" $500M "and probably more than" $600M (Chuck Green, DENVER POST, 3/18).