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


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