DENVER (CBS4) – Denver leaders On Tuesday submitted a $117 million grant proposal to the state to help fund an $800 million plan to expand the National Western Complex.
More than $400 million would come from extending a tourism tax in the city of Denver,which voters would have to approve.
Denver Mayor Michael Hancock says the new National Western Center Campus will attract visitors year-round and would pay for itself.
“Without a doubt this project will transform North Denver, and because it will drive tourism and investment and create new jobs, we expect the entire region to benefit,” Hancock said.
The expansion plan includes a 10,000 seat arena to replace the Denver Coliseum, a new exposition hall, and renovations to the 106-year-old stadium-arena.