Colo. City Wants Hotels' $824M Resort Challenge Nixed

Law360, New York (December 6, 2013, 2:40 PM EST) -- The city of Aurora, Colo., asked a state judge Wednesday to toss a lawsuit brought by hotel owners trying to block tax incentives earmarked for an $824 million resort project, saying the group lacks standing.

In a motion for judgment, the city argued that the group of 11 hotel owners lacks standing as taxpayers to pursue the suit and has no right to use the courts to intervene in the administrative review process of an agency's awarding of the tax incentives.

The hotel owners filed their...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.