2) SB 171 removes all limits on the amount of taxpayer financing, including requiring the Broncos to pay for any cost overruns. Instead, the bill states that whatever the cost of the stadium, the Broncos pay 25 percent. Taxpayers pay the rest. There is no ceiling on the final taxpayer expense.

3) SB 171 states that the Broncos must agree to cover the cost of the stadium election.

Also interesting is what SB 171 doesn't do.
1) SB 171 leaves intact all procedures in current law that the stadium board must complete before an election can be held, such as site selection, stadium design selection, determining stadium cost, and signing a lease with the Broncos.

2) SB 171 leaves intact current provisions that the issue must be petitioned onto the ballot. That is, petitions have to be circulated and signatures gathered to put the stadium tax on the ballot.

The Broncos get half a loaf: They get an unrestricted amount of taxpayer financing for 75 percent of the cost of a new stadium, but they are not assured of a May 1998 election. (Timelines for petition approval and circulation are already running.)

Regardless of how readers feel about taxpayers paying for a new stadium, they should become involved. State legislators pay attention to the calls and letters of citizens. They can lose elections if they don't.

Peter Gross

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