Tax Increment Financing
“The City of Denver is planning a project to completely reconstruct the 16th Street Mall with an estimated price tag in excess of $100 million. On Monday night Denver City Council, our elected officials, will vote to commit tax dollars to help make it happen, but those dollars come with a twist: about $30 … [Read more…]
“Since Eric Sutherland first stepped into a courtroom about five years ago, he’s represented himself in at least nine lawsuits for pennies on the dollar compared to his taxpayer-funded opponents. Through mid-June, those government agencies have spent more than $910,529 on litigation involving the Fort Collins community activist since 2014 — and those costs … [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 judge in Douglas County this week declined to dismiss a lawsuit in which South Metro Fire Rescue accused Parker’s urban renewal authority of improperly collecting taxes that should have gone to the firefighting agency. South Metro Fire Rescue sued in June, claiming that it could lose out on $16 million over the next … [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…]