Tag: tax increment financing
-
Affordable senior housing project envisions apartments, new senior center in southeast Colorado Springs
Developers are seeking an urban renewal designation to assist with project funding An affordable senior housing project planned for southeast Colorado Springs moved a step closer last week to receiving urban renewal designation. Denver-based developer Arrowleaf Development LLC plans to build 157 affordable senior housing units and a senior center near the intersection of Zebulon Drive…
-
Plans for skyscraper in downtown Colorado Springs rely on ‘blight’ designation
This story has been updated to clarify that the project will generate $11 million in tax revenues eligible for use on public improvements. Plans for a new 27-story skyscraper downtown took a step forward Wednesday with a nod from the Colorado Springs Planning Commission to seek urban renewal designation. The O’Neil Group, a local private…
-
D-11 to vote on downtown Colorado Springs revitalization projects
The School District 11 Board of Education is mulling an agreement with the Colorado Springs Urban Renewal Authority to help finance two separate development projects within the district. One would create workforce housing in the Lowell neighborhood east of Nevada Avenue and south of East Fountain Boulevard, while the other would look to help finance…
-
Old Colorado City special taxing district question headed for November ballot
An overarching vision to revitalize Old Colorado City, which supporters say would create new entrepreneurial opportunities and establish consolidated leadership that would better guide rejuvenation efforts, is on its way for voters to decide this fall. The Colorado Springs City Council voted for the first time Tuesday, 8-1, to determine if it is necessary to…
-
Colorado justices deal blow to urban renewal authorities’ revenue
The Colorado Supreme Court on Monday sided with an interpretation of state law that will result in more revenue going to local governments from urban renewal zones and less money for the entities overseeing redevelopment of those areas. In a case arising from Arapahoe County, the court addressed the division of property tax revenue from…