The Sleeping Giant Group partners envision a casino that would cost about $52 million to build and be between 55,000 to 65,000 square feet. The hotel would have between 150 to 200 rooms and be between 75,000 and 100,000 square feet.

Adam Zollinger/FFKR Architects

The Sleeping Giant Group partners envision a casino that would cost about $52 million to build and be between 55,000 to 65,000 square feet. The hotel would have between 150 to 200 rooms and be between 75,000 and 100,000 square feet.

Casino data released; group to host community meeting

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Patten Associates

Proposed site plan for casino development near Yampa Valley Regional Airport.

By the numbers

Estimated increases in sales-, lodging-tax collections:

Colorado: $1,057,929

Routt County: $365,425

Steamboat Springs: $1,493,252

Education Fund Board: $186,657

Airline subsidy: $93,386

Accommodation tax: $155,709

Local Marketing District: $311,418

Total: $3,663,775

Source: Yampa Valley Data Partners economic impact study

Online

Learn more about the proposed casino at www.sleepinggiantgroup.com.

— The group that is proposing to build a casino near Yampa Valley Regional Airport estimates opening a casino will create nearly 1,000 jobs and generate nearly $60 million in revenue during its first year.

With economic studies in hand, members of the Sleeping Giant Group partnership are moving forward with the hopes of building a casino, and it is time to hear what the public thinks.

“The next step is the community conversation,” said Steve Hofman, a Steamboat Springs resident who is one of the group’s partners.

The group will hold its first community meeting about the project at 5:30 p.m. July 5 at the Haven Community Center in Hayden.

“It’s a chance for people to take some ownership in this project and shape how it goes forward,” said Steamboat Olympian Johnny Spillane, another partner in the group.

Routt County Commissioner Doug Monger said that the proposal still is in its early stages and that there would be plenty of opportunities for the public to express their opinions.

“We’ll have to see what information they bring to us to see if the community impacts have been discussed and addressed,” Monger said.

To help explain the project to the public, the group launched a website at www.sleepinggiantgroup.com. The website includes an artist rendering of the development and responses to 22 commonly asked questions the group encountered during meetings with people in the Yampa Valley. Also being made public is an economic impact study and a gaming market assessment that looks at the viability of the casino.

The Sleeping Giant Group commissioned Scott Ford with Yampa Valley Data Partners to do the economic impact study.

The study estimates the casino, not including a hotel or entertainment venue, would generate 550 jobs, and the employees on average would earn $42,850 in wages and benefits. Another 70 jobs would indirectly be created, and 375 jobs would be generated elsewhere in the community because of a 15 percent increase in tourism.

With the added jobs, the study states local household income would increase by $34.5 million and sales and lodging tax collections would be in excess of $4.3 million. Of that, the city of Steamboat would receive nearly $1.5 million.

The Innovation Group, a Littleton-based gaming industry consultant prepared the gaming market assessment for the Sleeping Giant Group. According to the study, the casino would have estimated revenues of $56.7 million with 554,222 gamer visits in its first year. Residents within a 150-minute driving distance would account for about 30 percent of its customers, and visitors staying overnight at the casino’s hotel “would be a major driver of gaming revenue accounting for about 55.7 percent of the total.”

The Sleeping Giant Group partners think the casino would be an added amenity for tourists and do not think it will attract people solely interested in gambling.

The study estimates a conservative annual growth rate in revenue of 2.5 to 3.5 percent and recommends a facility initially with 650 slot machines and 18 tables.

The partners envision a casino that would cost about $52 million to build and be between 55,000 and 65,000 square feet. The hotel would have between 150 and 200 rooms and be between 75,000 and 100,000 square feet.

After gathering input from the community, Hofman said the next step would be to approach Native American tribes about owning the casino. The federal government then would need to approve it, in addition to the governor of Colorado.

Hofman said if the process stays on schedule, the casino could be operating by 2015.

Hofman said the partners in the Sleeping Giant Group include himself, Spillane, Hayden resident Dave Marin, Hayden developer Stefanus Nijsten, Nijsten’s business partner Bob Zibell, and Steamboat attorney Scott McGill.

Hofman said that the group already has spent $250,000 in time and money on the project and that an investor is helping finance the project as it moves forward. He would not say who the investor is.

To reach Matt Stensland, call 970-871-4247 or email mstensland@SteamboatToday.com

Comments

Dr. Rick Bettger 2 years, 5 months ago

The employment and revenue numbers are very clear. This casino in Northwest Colorado is a very good thing. Tom Ross article about the "IMAGE" of Steamboat or the Valley Valley might be damaged or distored is totally bunk. Look at Southwest Colorado there is a Indian Casino there, and people still go there as a popular visitor attactions. Gaming is simply another form of entertainment, I travel to Vegas and Black Hawk several times a year, and yes, I lose more than I win, but I sill have NEVER got a refund on my season ski ticket or golfing each year, have you? The placement of the casino is great, by the airport and yet close to Craig, Steamboat, South Routt, Hayden, Meeker, and etc. I totally support this vision and hope it is allowed!!!! Time to move forward, our economy is along way from recovery, and this will help our valley.

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Scott Wedel 2 years, 5 months ago

A 15% increase in tourism for a casino that is acknowledged as not being a destination draw?

Operating in 2015? What? Based upon a two month approval process? When they don't even have an Indian tribe lined up? For one of the hardest things to get approved which is off tribal lands Indian casino.

And Hayden is supposed to fall in love with this because of the local largely empty annexed developments? Doesn't appear to me that Hayden town government ruined their financial situation by approving those subdivisions that have not taken off. Thus, Hayden is otherwise okay in letting the subdivisions fill in at their own pace.

And the logic of this proposal never makes sense to me. Assuming there is an Indian tribe wanting to operate an off tribal lands casino in Colorado and the federal and state governments are willing to approve, then why pick relatively isolated NW Colorado instead of one of the I70 towns or along the Front Range? Because once government approves one off tribal lands casino then it will be that much easier to open another and they will soon enough end up operating in prime locations.

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kathy foos 2 years, 5 months ago

Is gambler's anonymous in the plan?Most people barely make enough money to survive.What about the extra burden on law enforcement?Social impacts?I don't think the general public ever get's ahead at a casino,more like they loose their rent money and have to use more social services.Will the tourist's be drawn away from existing attraction's?I know it is fun to gamble, until you go home broke.

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jerry carlton 2 years, 5 months ago

Although Scott Wedel has told me it would have no legal effect, I still say put it on the ballot county wide in November. Let the voters say if they want it or not. You are going to have a ballot in November so how much would a little more printing cost? Very little I would think. The promoters of this venture say they want community input so what better way than to see if the majority of voters say yes or no.

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