It's unclear at this time whether the ordinance, which passed by a mere 21 votes, will endanger $5 million in existing subsidies. It also could stymie growth, critics of the amendment charge.
Critics include Golden Mayor Jan Schenck.
The amendment traces its origins to the late 1990s when Nike Corp. considered building a huge office campus on top of the scenic South Table Mountain. Although Nike decided not to pursue the project, Jefferson County and Golden were willing to give incentives to entice Nike to the area despite a grassroots effort opposing it.
Also, some citizens were angered the City Council provided a subsidy for a retail development anchored by a Kohl's and Home Depot, even though voters had rejected a similar proposal.
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