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Urban renewal authorities (URAs) are created by municipalities to redevelop areas of their cities that are found to contain blight or slum conditions. These are areas that require public participation to attract a redevelopment project.
An urban renewal project is a public/private partnership. The majority of the funding for a project comes from the private sector; the public investment comes from tax increment financing (TIF), which is the increased amount of property tax or municipal sales tax revenue collected within the URA after the urban renewal project begins. This new revenue is generated by the increased property values that result from the urban renewal project.
URAs from across the state are voluntarily filing annual reports that include their financial information and updates on project progress. The URAs working with the Colorado Municipal League and Downtown
Colorado Inc. have developed this standard annual report process to
provide the public with information regarding urban renewal activity in
the previous year. To access a report, click on the appropriate URA below. (Note: Reports continue to be filed and will be posted as received; reports have not been requested from inactive URAs.)