No Expansion Without Justification
Source Ted Freeman
Date 08/09/18/14:10

Pueblo Citizens for Positive Change
Contact Ted Freeman 544-4479 or Alvin Rivera 566-0069
No Expansion Without Justification
Here’s Why a “Vote No” on the Convention Center Ballot Question 2B is the Right Choice

Pueblo: This will cost you money. It does not matter if it is called a tax or fee, the money is out of your pocket.Where is the value to the community? When will “our real needs” be addressed?

The Urban Renewal Authority (URA), the Convention Center gatekeeper, has not been able to prove that the expansion will bring in a significant amount of out-of-town business to Pueblo. When we requested past performance records URA provided incomplete and inaccurate files, leading one to question the credibility of the URA. Look, it is a fact that National studies show the number and attendance of conventions and trade shows
have been decreasing.

The Convention Center operated at a deficit every year and would continue to do so
even with the expansion. During the years 2005, 2006, and 2007 the operating deficit averaged $400,000 each year (Pueblo Chieftain, 6-4-08). The City Attorney told the
City Council (6-9-08) that the Convention Center deficit was $500,000 for 2007.

Each year we send Global Spectrum, the Convention Center management firm,
over $120,000. In 2007 checks were written to out of town Global Spectrum for over $150,000 (2007 Convention Center check history).

Financing for the expansion would include paying interest only until the year 2019.
What will the actual cost at the payoff year 2029 be: 14 million, 20 million dollars?
Remember that URA and the City have a history of cost overruns. We have until 2019 to make the decision as to how to spend the Vendor’s Fees or to stop collecting it after 2019.
There should be other choices, besides the Convention Center expansion.

To learn more and to record your opinion, visit WWW.PUEBLOG.ORG or www. on the internet.

Donations for copying are urgently needed(call PCPC). Contact Ted Freeman 544-4479 or Alvin Rivera 566-0069.

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