Development. In Colorado, you either think it’s necessary, or you want to stop it.
How would you like a new sports/concert arena, water park, hotel and retail development in your city?
For many people, it sounds appealing to add new entertainment, new jobs, and new sales tax revenue in your community.
But should your city council put the entire community at risk to fund this project?
And, to make matters worse, the way they are funding this project is circumvent TABOR by using certificates of participation (cops) to avoid having to ask the taxpayers to take on new debt.
It’s a scheme. It’s a fiasco. And the people of Greeley aren’t too happy about it.
In this video, Sherrie Peif, a longtime Greeley resident, and investigative reporter explains just how bad this scheme is for the people, the taxpayers, and the city.
Even if you don’t live in Greeley, this is an important cautionary tale about what can happen without citizen watchdogs keeping an eye on local government.
Links from Video:
Greeley City Council Votes in Favor of Cascadia Project: https://milehighcre.com/greeley-city-council-votes-in-favor-of-cascadia-project/
Greeley City Council approves financing for the Cascadia ‘Catalyst Project’: https://www.greeleytribune.com/2025/05/06/greeley-city-council-approves-financing-for-the-cascadia-catalyst-project/
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