Castle Rock to mull urban renewal authority
“To justify the establishment of an authority — which would encompass all of Castle Rock — the town must meet one of the state’s 11 factors for blight, according to a report from the consulting firm Ricker/Cunningham, which conducted a blight analysis for the town.
In Castle Rock’s case, the town meets nine of the statutory factors for blight, Ricker/Cunningham reports. The factors range from environmental contamination of buildings or property to unusual topography or inadequate public improvements.
Once an authority is established, it opens the door for property owners to apply for consideration to declare a property blighted and establish an urban renewal area — or boundary — on the property. To establish an urban renewal area within the authority, the proposed area must meet four of the state’s blight factors.”
Moore, Rhonda. Castle Rock News 24 April 2013.