State Approves $3.9 Million in Incentives to Assist Alterra Mountain Co.

State approves $3.9 million in incentives to assist Alterra Mountain Co.

The Colorado Economic Development Commission approved a $1 million loan and a $1 million grant on Monday morning to help the Alterra Mountain Co. relocate its corporate headquarters to Upper Downtown. The EDC also approved $1.9 million in Job Growth Incentive Tax Credits tied to the creation of 106 additional headquarters jobs for “Project Odysseus,” the codename given to Alterra. Those jobs are expected to pay an average annual wage of $131,071…

Colorado offers millions in incentives to keep outdoor company headquarters in Denver

A special 7 a.m. meeting of state economic development leaders was called to try and retain the business ahead of a board vote.

State offers multi-million incentives package to resort operator

The Colorado Economic Development Commission approved a multi-million dollar loan-grant-tax incentives package Monday aimed at enticing an unnamed outdoor-recreation company — likely Alterra Mountain Co., the resort operator behind the Ikon Pass — to keep and grow its headquarters in the Centennial State.

Alterra told Denver it might move out of Colorado, sources say

Ski giant Alterra Mountain Co. has told Denver city officials that the company might move its headquarters out of Colorado, multiple sources tell BusinessDen. Most, but not all, of those sources said they’d heard one region specifically: Salt Lake City, Utah. The revelation could explain why the Denver Downtown Development Authority, a city affiliate, last week offered the ski resort owner a $7 million low-interest loan if it moved within the ci…