Colorado assets (like Hanging Lake Tunnel) offered to cover emergency reserves |

Colorado assets (like Hanging Lake Tunnel) offered to cover emergency reserves

The Associated Press
Aspen, CO Colorado

DENVER – Colorado Gov. Bill Ritter is offering to sell state buildings if the state ever needs money to cover major emergencies.

Assets that could be sold include the Hanging Lake Tunnel on Interstate 70 in Glenwood Canyon, worth $269 million, skyboxes and club seating at the University of Colorado stadium and the whole planetarium at Colorado State University.

The list of assets is part of a deal struck by Gov. Bill Ritter to meet a requirement that the state set aside $268 million to cover emergencies under the Taxpayer’s Bill of Rights.

Ritter negotiated a deal with budgetmakers last year that allows him to list $161 million in equity assets, including state buildings and facilities, to meet the requirement.

Support Local Journalism

Support Local Journalism

Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User