Colorado Politics

Downtown authority likely to pass for Old Colorado City, but may lack mill levy

Old Colorado City voters have chosen to create a Downtown Development Authority that would mirror the one covering downtown Colorado Springs but are mixed on its funding.

The early unofficial results of the election, which was run though the Spencer Fane law firm, was 102 votes in favor of creating the district and 71 against as of 8:45 p.m. Tuesday.

The new district would roughly follow Colorado Avenue between Interstate 25 and the city boundary for Manitou Springs. The district was voted on by residents of Old Colorado City and people who own businesses and property within the district’s boundary.

Voters in the district acted on four steps of the creation of the authority. Three of the four measures were passing in Tuesday night’s results, while a measure to allow the district to enact a 5-mill levy to pay for improvements was narrowly losing, with 89 votes against and 85 in favor.

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Jamie Giellis, president of Centro consulting firm that worked on the downtown development authority effort, said Tuesday night that the first measure’s passage would mean the creation of the district. Giellis said the DDA could collect tax increment financing on property and sales tax within it and issue debt to pay for projects.

Old Colorado City Partnership has advocated for the new authority since fall 2023 as a way to fund revitalization efforts and address issues with parking and security.

Approval of the district would make Colorado Springs the first city in Colorado with two Downtown Development Authorities within its city limits.

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