Legislature To Revisit URA Bill

Last year the Governor vetoed a bill that would require cities to share tax increment financing (TIF) revenues used to finance urban renewal projects with other government entities such as cities and school districts. However, CAR’s Vice President for Public Policy, Ted Leighty, says county lobbyists are already planning to ensure that the bill isContinue reading “Legislature To Revisit URA Bill”

Council Finally Approves Fort Collins Mall Redevelopment Agreement

The City Council, acting as the Urban Renewal Authority Board, voted to approve the Foothills Mall redevelopment plan. The agreement includes a few modifications, including approval to issue bonds with 150,000 SF of leased space versus 240,000 SF. The developer also secured a clarification regarding the required affordable housing component, which includes a total ofContinue reading “Council Finally Approves Fort Collins Mall Redevelopment Agreement”

Boulder Legislator Wants to Change TIF Regulations

Rep. Dickey Lee Hullinghorst, (Boulder), plans to introduce a law to revise tax increment financing (TIF), which is often used to create or expand businesses, particularly in urban renewal districts. Hullinghorst wants to allow all the taxing jurisdictions, school districts for example, to become involve in the TIF decision-making process. She suspects some projects thatContinue reading “Boulder Legislator Wants to Change TIF Regulations”

Fort Collins Council Approves Mall Financing

The Fort Collins City Council acting as the Urban Renewal Authority approved several resolutions to approve the public financing mechanisms needed to renovate the Foothills Mall. The City will use a complex package of funding instruments, two of which impact property taxes and two affect sales taxes.  The creation of a metropolitan district means increasedContinue reading “Fort Collins Council Approves Mall Financing”

Participants Buy Time in Hopes of Fort Collins Mall Redevelopment Agreement

The redevelopment of the Foothills Mall could be called off unless the mall developer reaches an agreement to purchase the Sears property — or the City of Fort Collins utilizes eminent domain to take the property. The developer has made it clear that Sears does not fit the proposed tenant mix and is located inContinue reading “Participants Buy Time in Hopes of Fort Collins Mall Redevelopment Agreement”

City of Fort Collins gets Federal Grant for Mason Street Corridor

The City of Fort Collins announced it has received a $54.5 million grant from the Federal Transit Administration for the Mason Street Corridor. The grant will pay for the Mason Express bus rapid transit service (MAX), which will service the five-mile corridor on Mason Street from Cherry Street to Harmony Road. The $87 million projectContinue reading “City of Fort Collins gets Federal Grant for Mason Street Corridor”