DENVER - The Colorado Senate has approved a $350 million plan to put Colorado State University buildings at the National Western Stock Show site in Denver.
The renovation plan is pitched as a major revitalization effort. The measure already passed the House.
The bill approved Tuesday details a plan for Colorado to enter lease-purchase agreements over the next 20 years. The money will be used to build several new Colorado State University buildings including a new equine center.
The financing plan won preliminary approval despite opposition from some that the National Western Complex would get unfair priority over other projects.
A big part of the financing would be dependent upon voter approval of a tax extension to hotel and car rental taxes. The tax extensions also would help finance additional Colorado Convention Center upgrades.
Not included in the National Western financing plan are a 10,000-seat arena to replace the Denver Coliseum, a new exposition hall and the remodeling of the 106-year-old Stadium Arena into a market. Those would come toward the end of the 10-year improvement plan.