To ensure that public participation in a professional football venue delivers durable benefits to Colorado's small businesses and the neighborhoods that host it, this bill establishes a Community Stadium District and a governing Authority — including local government, labor, small business, and ownership representatives — to define the district's boundaries and administer its requirements; the bill directs that not less than 35% of the total value of construction, procurement, and operations contracts be awarded to Colorado-based small businesses, with not less than 40% of that share reserved for minority-, women-, veteran-owned, or in-district firms, and requires all venue construction to pay no less than prevailing wage, meet a local-hire standard, and utilize registered apprenticeships while providing bid-readiness assistance and contract unbundling so small firms can compete; it grants in-district small businesses a right of first refusal on food, beverage, retail, and game-day vendor opportunities before any national operator and caps the share of vendor space any single concessionaire may control; it creates a Community Stadium Small Business Fund, capitalized by a per-ticket surcharge, a share of naming-rights and sponsorship revenue, and dedicated tax-increment revenue, to make revolving loans and micro-grants to local firms opening or expanding in the district, prioritizing targeted businesses and conditioning grants on wage and hiring standards; it authorizes the Authority to capture incremental district tax revenue above a base year solely for the Fund and public infrastructure — never for the ownership group's private costs or returns — subject to a legislated cap and a sunset no later than 25 years, and imposes no new general tax on Colorado residents; and it requires an annual public report on contracts awarded, jobs and wages created, fund activity, and increment captured, mandates anti-displacement measures for existing district businesses and residents, and directs the Authority to withhold or recover a proportionate share of public benefits whenever the contracting or local-hire targets are not met.
