Greeley Voters Reject Sales Tax Measure Intended for Colorado Eagles Arena
What happened
Greeley voters rejected Ballot Measure 2F, a proposed tax increase, by a margin of nearly 70% in a recent election. The measure would have raised the city’s sales and use tax by 0.6%. The additional revenue was intended to fund several city capital improvement projects, including a new arena for the Colorado Eagles.
From krystal93.com
Why it matters
The rejection of the tax measure creates uncertainty regarding the funding for the Colorado Eagles' proposed new arena, which has already seen $80 million in investment. Martin Lind, owner of the Colorado Eagles, stated the team will wait to see what city leaders decide next regarding the project.
From krystal93.com
Who's involved
- Martin LindOwner of the Colorado Eagles, whose arena project relies on city funding.
- GreeleyThe city where the tax measure was voted on and where Catalyst projects are funded.
- CatalystA non-profit whose projects are formally dependent on funding from the City of Greeley.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
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The entities involved
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Martin Lind
researcher
Nothing else this week.
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Catalyst
non-profit based in New York
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Greeley
city in and county seat of Wetd County, Colorado, United States