Debate flares up around tax incentives for Gaylord’s Aurora hotel plan

June 03, 2012

The Denver Post

Gaylord Entertainment’s bombshell announcement that it is backing away from a major Aurora hotel development has rekindled debate on issuing huge public subsidies for the project. Critics of the tax credits approved by Aurora and Colorado say the project should stand on its own. At the minimum, they say, the financial incentives should be revisited and possibly scaled back.

“The question that needs to be asked is if a project requires this much in tax incentives, is it really viable?” said David Corsun, director of the Fritz Knoebel School of Hospitality Management the University of Denver’s Daniels College of Business. “Gaylord’s proposal was unique,” he said. “I don’t think another developer would do a project of that scale.”