URBAN RENEWAL in Colorados Front Range

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URBAN RENEWAL in Colorados Front Range

• Center for the American Dream
• Independence Institute
• Jennifer Lang

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Cities with Urban Renewal Authorites
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Urban Renewal Devices

• Tax Increment Financing (TIF)
• Bond Issuance
• Property Improvement Fee (PIF)
• Eminent Domain
• Blight
• Colorado Urban Renewal Law

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Current and Recent Urban Renewal Projects in the
Denver Metro
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City and County of DenverCurrent TIF Districts
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TAXES

• Denver URA (urban renewal authority)
• 4.27 URA of total city and county tax
• Broomfield URA
• 5.08 URA of total city and county tax

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Tracking Tax Dollars URA

• Abstract of assessment
• URA in Miscellaneous section

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Transit and Urban Renewal

• FasTracks is driving URA, Transit Oriented
  Developments (TOD)
• Marketed as smart growth and progressive
• Glosses over fact of financing
• Could be in anytown USA

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TOD PLAN
Source http//www.denvergov.org/TOD/
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City Center Englewood Colorado
Currently, Englewood URA bonds in default for 45
million
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Belmar- City of LakewoodLakewood Reinvestment
Authority

• Former Villa Italia Mall
• 104 acre URA site

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Windmill Farms in the parking lots
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Belmar Parking Garages
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Lily pads, polka dots, retro
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Smart Growth Building upFull of infillFancy
govt housing?Will urban renewal need urban
renewal in 20 years?
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High Density Living Look up to see the sky,
nevermind the skyline
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City of LouisvilleLouisville Revitalization
Commission

• August 16, 2006
• Delayed a decision to create an urban renewal
  area
• Conflicting Projections
• City vs County

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Boulder, CO

• Mecca of Alternative Transportation
• Next Transit Village Area Plan

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TIF Reforms?

• What happens when the subsidies go away?
• Transparency
• Accountability
• Financial Safeguards
• Voting on TIF
• Reveal the true market price without TIF

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FUTURE DIRECTIONS

• Research needed
• Public Awareness
• Future landscape of cities
• When will it stop
• Backlash
• Next big trend

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• Questions?