City officials project urban renewal authority funding will be scarce for future base area projects
“City officials told the Steamboat Springs City Council on Tuesday night that funding for base area improvements from the urban renewal authority will be scarce for at least the next three to four years.
#Finance Director Kim Weber said the tax incremental funding that has paid for the popular promenade and millions of dollars’ worth of other improvements in recent years is not likely to be strong enough to support any more major projects until significant development takes place or property values rebound.”
Franz, Scott. Steamboat Today 16 April 2013.