Arvada urban renewal helps clean contaminated site near new rail stop
“A large portion of the $7.2 million in tax rebates going to the developer of a 352-unit residential development in Arvada will offset remediation costs related to decades of environmental contamination on the property east…
DDA directs $34M to downtown Fort Collins’ look
“Drive around downtown Fort Collins, and you will see a wealth of ways the area has been deliberately developed. There’s Woodward’s campus under construction on Lincoln Avenue and a new home for Wolverine Farm Publishing…
Fitch Affirms Denver Urban Renewal Authority, CO’s Sr. Tax Increment Bonds at ‘A-‘; Outlook Stable
“Fitch Ratings affirms the ‘A-‘ rating on the following Denver Urban Renewal Authority (DURA), Colorado’s bonds: –$150 million Stapleton senior tax increment revenue bonds, series 2013A-1. The Rating Outlook is Stable. SECURITY The bonds are…
Littleton passes first-of-its-kind Colorado ordinance requiring voter approval on urban renewal
“Littleton voters Tuesday approved ballot measures reforming urban renewal in the city following a special election, making it unique among Colorado cities because it will now require voter permission to use state-sanctioned tools for…
More trouble for Gaylord Rockies hotel subsidies
“Colorado Treasurer Walker Stapleton on Monday asked the Legislative Audit Committee to examine whether the state should continue to offer subsidies to Gaylord Rockies project, citing last week’s decision by an Adams County District Court…
Communities lose more than they gain from TIFs
“Tax increment financing is sold by supporters as the closest thing to a free lunch mankind ever invented. We differ. Tax increment financing districts are downright dangerous. Anytime someone promises a free lunch, you should…
Cities, developers resist increased oversight of TIF
“In Lincoln, tax-increment financing has helped transform aging warehouses into spiffy storefronts and a polluted railyard into Pinnacle Bank Arena. But Mike Groene comes from the Wild West. The state senator from North Platte has…
Holyoke tradeoff: property tax exemption in return for 16 new jobs, $5 million in expansions at Marcotte Ford
“Company President Bryan Marcotte and Filomeno and city planning officials met with the council Development and Government Relations Committee at City Hall. The committee voted 5-0 to recommend that the full City Council March 3…
The tiff over TIF: Is it a bad bargain for taxpayers?
“Tax-Increment Financing (TIF) districts have been around for more than 50 years in the United States. However, only recently have citizens and politicians started to question their effectiveness locally. Local governments develop TIF districts by…
Roosevelt University to Host Forum on Uses and Abuses of Tax Increment Financing to be Held on Feb. 18
“Roosevelt University will host a forum on the uses and abuses of Tax Increment Financing in Chicago from 5 p.m. to 6:30 p.m. on Wednesday, Feb. 18 in room 418 of the University’s Wabash Building,…