“It has become clear to me, after careful study, that we face a day of reckoning over the unchecked proliferation of special taxing districts across Colorado. Local officials for years have been approving an unmanageable, crazy-quilt of these districts — quasi-governments that operate with little accountability over huge sums of money they collect and … [Read more…]
“It’s called Vida at Sloan’s: 176 one-bedroom units with an activity facility, rooftop garden and commercial space on the ground floor. Tenants would pay one third of their gross income for rent. “It’s about a $64 million price tag on this building,” said Ryan Tobin, the director of Real Estate Development for the Denver … [Read more…]
“On behalf of counties across the state, I want to express strong support for The Denver Post’s notion of ensuring adequate accountability in the use of tax-increment financing (TIF). This is a message that counties, whose property taxes until recently were diverted for TIF projects without their consent, have been bringing to the General Assembly … [Read more…]
“A district court judge in Douglas County has denied a motion filed by Parker’s urban renewal authority to dismiss a lawsuit brought against it by South Metro Fire Rescue. South Metro filed the suit June 5, alleging the Parker Authority for Reinvestment distributed funds inappropriately, thus depriving SMFR of revenue needed to provide fire and … [Read more…]
“The Wheat Ridge City Council late Monday decided not to challenge a recent court ruling that invalidated restrictions the city had placed on the use of urban renewal tactics, intensifying a debate over an issue that has proven divisive in Colorado’s economic development circles. The council voted 5-3 to not appeal last month’s Jefferson County … [Read more…]
“The piece near the Alameda RTD station will take at least a month to complete, with days lasting up to 10 hours. The artist, Aaron Glasson is being compensated through the Denver Urban Renewal Authority – a group that partners with different developers in the city – and helps fund their projects through TIF – … [Read more…]
“In June, a south suburban Denver fire district filed suit against the urban renewal authority (URA) in Parker, Colorado over the diversion of property taxes to subsidize redevelopment projects. Also in June, news broke that the URA in Arvada, Colorado in the north metro Denver area sold a 9-acre parcel of land to a … [Read more…]
“The Renaissance of Lower Downtown should be celebrated along with the politicians, civic leaders and public policies that helped urban revitalization occur at an incredible pace in a once nearly abandoned part of the city. The Denver Post’s Jon Murray recently documented LoDo’s rapid growth over the last three decades: a population rising from … [Read more…]
“ In an unusual legal challenge of a powerful Colorado redevelopment resource, a south suburban Denver fire district claims in a lawsuit that it stands to lose millions of dollars because of property tax money that is wrongly being diverted to the town of Parker’s urban renewal authority. At the heart of South Metro … [Read more…]
“outh Metro Fire Rescue has filed a lawsuit against the Parker Authority for Reinvestment, alleging the urban renewal authority illegally diverted taxpayer funds to reimburse private investors and that it skirted legal requirements before using those funds for economic development projects. The suit was filed in Douglas County District Court in Castle Rock on … [Read more…]