AURORA, Colo. - Several Aurora residents are suing the city over local tax incentives awarded the Gaylord Rockies Hotel.
The residents contend the tax incentives violate the state's tax- and spending-limitation amendment that requires a vote for any tax increases.
According to the Denver Post, Aurora agreed to provide Gaylord Entertainment a refund of city sales, hotel occupancy and other taxes so it could build a hotel and conference center near Denver International Airport.
The lawsuit says that over 30 years, the value of the subsidies the city is providing could approach $800 million, making it one of the largest incentive awards by any government in state history,
However, the Colorado Economic Development Commission says it has approved an $81.4 million incentive package over 30 years for the project. Aurora said it is providing up to $300 million in incentives.
The Aurora development will be Gaylord's first resort and convention hotel west of Texas. Gaylord currently has four upscale, meetings-focused resorts near Nashville, Tenn.; Orlando, Fla.; Dallas, Texas; and Washington, D.C