SBD/18/Facilities Venues

BRONCOS STADIUM PLANS RECEIVE SOME MILE HIGH GUIDELINES

          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).

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Denver Broncos, Facilities

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