STEAMBOAT SPRINGS —— The Steamboat Springs City Council on Tuesday night will consider an amendment to the winter air service contribution agreement between the Local Marketing District and Steamboat Ski and Resort Corp.
The amendment establishes that Ski Corp. will contribute no less than $1,111,732 annually for the five-year term of the 0.25 percent sales tax Steamboat voters approved last November to supplement the winter air service program. The program provides revenue guarantees to airlines that fly into Yampa Valley Regional Airport during ski season.
The tax is expected to generate an estimated $1.3 million annually. It will be collected and remitted by the city, which will take a 1 percent fee to cover administrative costs.
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