August 2, 2023

Brighton extends incentives to lure Olive Garden

BRIGHTON — In a move somewhat unusual in economic development circles, the city of Brighton has extended incentives to lure an Olive Garden restaurant to the Adams County seat.

In a deal approved Tuesday night, the city agreed to rebate half of the restaurant’s sales tax payments over eight years up to a maximum of $200,000. It also agreed to rebate half of what the restaurant would pay in use taxes, estimated at $32,500.

The city would retain the other $32,500 in use taxes and expects to collect about $25,000 annually in its share of the sales taxes during the rebate period…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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