tax increment financing
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Colorado justices deal blow to urban renewal authorities’ revenue
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The Colorado Supreme Court on Monday sided with an interpretation of state law that will result in more revenue going to local governments from urban renewal zones and less money for the entities overseeing redevelopment of those areas. In a case arising from Arapahoe County, the court addressed the division of property tax revenue from…
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Colorado’s urban renewal law under scrutiny by state Supreme Court
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For years, Colorado’s urban renewal law has enabled local governments to spur redevelopment of areas deemed blighted, with downtown Golden, Denver’s Central Park neighborhood, and the Anschutz Medical Campus in Aurora among the projects completed under the state’s framework. On Tuesday, the state Supreme Court examined a key tool that urban renewal authorities use to…
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Request for millions in tax revenues for Hancock Commons goes before El Paso County commissioners Tuesday
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El Paso County commissioners on Tuesday will formally consider a request to allocate millions in future tax revenues to help build a new residential and retail venture in southeast Colorado Springs. RJ Development will formally ask commissioners to allocate about $2.6 million in future tax revenues over 25 years to build the proposed Hancock Commons…
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Q&A with Wynne Palermo: She’s got the cure for what ails a blighted neighborhood
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Developers are great at looking over the horizon, envisioning what’s next for a community and then building it. But how do you draw those same dynamic economic forces back to parts of the community that have seen better days and could use a turnaround before they hit bottom? That’s where an agency like the Colorado…
