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DENVER—Six companies that have applied for state tourism incentives may have overestimated the number of new visitors their projects would bring to Colorado.
According to reports obtained by the Denver Post ( ), an independent analyst for the state says the estimates are exaggerated and could affect the amount of financing for which local governments are eligible.
Applicants say the analyst misinterpreted a state law that allows a portion of state sales taxes generated by a project to be used to help finance projects.
The reports were prepared for the Colorado Economic Development Commission, which will decide in April which projects get incentives.
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Information from: The Denver Post,
