‘The Point” at 26th and Washington Street Denver, Colorado is an example of a DURA project that utilized Tax Increment Financing.
“Five Points Business Association and Hope Communities – formed Minute Spot, LLC to redevelop a 37,372-square foot assemblage of underutilized land.”
“Project Description:
Redevelopment of a surface parking lot and vacant convenient store into a mixed-use project consisting of 35 affordable residential rental units, 33 for-sale residential units, approximately 13,000 square feet of retail space, and 121 parking spaces.
Developer:
Minute Spot, LLC
Total Project Cost:
$12.9 million
DURA Participation:
$750,000 in TIF reimbursement
Tax Increment Source:
Property and Sales Taxes
Term:
Reimbursement of Developer or December 11, 2025”
Hope Communities website for rentals at The Point