King Soopers plan at 9th and Colorado: Will it calm critics of Walmart at today’s meeting?
“Financing for the redevelopment of the site would include approximately $21 million in Tax Increment Financing — which, as the mayor’s release notes, “allows the Denver Urban Renewal Authority to receive the new sales and property taxes generated by the redevelopment project to be used for public improvements on the development site, such as building demolition, environmental remediation, roadways and other site improvements.”
And the first time to talk about this incarnation will be today, when the Colorado Boulevard Healthcare District will hold its first public meeting since Denver City Councilwomen Mary Beth Susman and Jeanne Robb said they opposed TIF financing for the deal, and Walmart subsequently pulled out.”
Calhoun, Patricia. Westword 6 December 2012.