Vail Mulls How To Spend Money Collected For Rejected Conference Center

Vail (AP) Now that vail voters have rejected building a
conference center, the town has to decide what to do with $7
million collected for the project so far. Voters Tuesday turned down a 1.5% lodging–tax increase that would have funded the rest of the nearly $65 million project.

Officials must either refund the $7 million that has been collected or spend it on another voter–approved project. The money already collected is from taxes approved in 2002 to pay for the center. Those taxes will be automatically repealed January 1st.

Councilman Greg Moffet says there's no proposal yet for how the $7 million should be spent.

Copyright 2005 by the Associated Press. All rights reserved.
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