NewsCovering Colorado

Actions

Study contracted by Town of Palmer Lake outlines impact of proposed Buc-ee's

bucees pic for web.jpg
Posted

PALMER LAKE, Colo. (KOAA) — An independent study, contracted by the Town of Palmer Lake, outlines the impact a proposed Buc-ee's store would have.

If the annexation is approved, Buc-ee's would open off of I-25 and County Line Road late next year.

Economic and Planning Systems, which has an office in Denver, did the report.

It outlines that in the first full year, Buc-ee's would generate more than $955,000 of sales tax revenue and nearly $230,000 in property tax revenue.

Buc-ee's would also pay the water department, which is separate from the town's general fund, an estimated amount of more than $323,000 per year for water use.

The report mentions that Buc-ee's would likely ask the town for tax incentives for the development. Previous arrangements in other cities had an average rebate of about 1% for more than 20 years.

According to the report, the town will have to increase its budget for the following by about 24% of what it is now:

  • police
  • fire
  • roads
  • water

The town would also have to spend nearly $6 million initially to improve water facilities and upgrade equipment for the following:

  • police
  • fire
  • roads

The report goes on to say Buc-ee's would invest nearly $11 million in transportation improvements as part of the development costs.
___



Former Air Force Academy instructors speak out against proposed civilian cuts

Though no final decisions have been made, it's worth noting that service members who retire and then teach at the Academy are considered civilian instructors.

Former Air Force Academy veterans are speaking out against proposed cuts to civilian staff

News Tips
What should KOAA5 cover? Is there a story, topic, or issue we should revisit? Have a story you believe should make the light of day? Let our newsroom know with the contact form below.

____

Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.