Panelist, Western Places/Western Spaces: Disruption, Innovation, and Progress, Rocky Mountain Land Use Institute, Denver, CO, March 7-9
Prior to 2015, urban renewal authority (URA) boards were comprised of five to eleven members appointed by city council, giving cities autonomy in redirecting property tax from other taxing entities for use in tax increment financing (TIF). The Colorado Legislature passed the Urban Renewal Fairness Act (HB15-1348) in the 2015/16 session, requiring representation from counties, schools, and other taxing entities on the URA board. The act also requires URAs to reach an agreement with each taxing entity on including their property taxes in a project TIF. This session will explain changes in urban renewal law and explore how URAs and other stakeholders are adapting to the new process.