Frontier Communities Regional Tourism Projects

The "Colorado Regional Tourism Act" establishes a process for approving and a mechanism for financing, through state sales tax increment revenue, regional tourism projects that are submitted by local governments and approved by the Colorado economic development commission (commission). The commission currently does not have authority to approve any more regional tourism projects. On or after September 1, 2024, the bill allows the commission to approve up to 2 new regional tourism projects, both of which must be located in a frontier community. The bill also specifies that the term "regional tourism project" includes an agritourism facility together with ancillary uses, structures, and improvements.(Note: This summary applies to this bill as introduced.)