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LETTER FROM

MAYOR MICHAEL B. HANCOCK

August 28, 2015

Economic Development Commission

Colorado Office of Economic Development and International Trade

1625 Broadway, Suite 2700

Denver, Colorado 80202

Dear Commission Members:

On behalf of our partners the Western Stock Show Association, Colorado State University, the Denver Museum of

Nature & Science, and History Colorado, the City and County of Denver is honored to submit an RTA application for

the Commission’s consideration to assist in the transformation of the National Western Stock Show Complex into a

21st century facility, the National Western Center.

Denver is an optimistic and progressive city that offers a high quality of life and enjoys a reputation for being one of

the nation’s most popular tourist destinations. As Colorado continues to broaden its economic reach, it is important

to ensure that Denver, the state’s capital city, remains well positioned among peer cities and states in the ongoing

effort to fuel economic development and attract new tourists from around the globe.

The National Western Center, to be built in eight phases over 10 or more years, will be the economic engine for

North Denver; it’s the focal point of what I’ve dubbed the Corridor of Opportunity. It features a dynamic new com

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plex that will support year-round tourist activities and provide for long-term sustainability and growth of the National

Western Stock Show. The complex brings together the values of the American West in art, culture and entertain

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ment, while emphasizing the importance of 21st century agricultural education and research.

With this application, we hereby request:

• Regional tourism zone designation

• The appointment of the Denver Urban Renewal Authority as financing entity

• Approval of eligible scope for the National Western Center Equestrian Center, Livestock Center and Stockyards

• $128.2 million in RTA sales tax increment financing over 36 years, or 1.93% of projected sales tax increment in

the regional tourism zone

• A 36-year sales tax increment collection term with a 50-year financing term, to permit refinancing as necessary

Thank you for the opportunity to present this exciting tourism project. We look forward to discussing the proposal with

the Commission.

Respectfully,

Michael B. Hancock

Mayor

We look forward to discussing the proposal with the Commission, and my staff stands at the ready to

address your inquiries: Lotte Lieb Dula, RTA Project Manager, at (720) 913-8853, and Kelly Leid,

Executive Director, North Denver Cornerstone Collaborative, at (720) 865-2907.

Thank you for the opportunity to present this exciting tourism project.

Respectfully,

Michael B. Hancock

Mayor

The new Stockyards/Events Pavilion will be

the home for a wide range of year round events.