At Downtown Colorado, Inc.’s recent Urban Renewal Board Training on July 14th, we discussed the necessary topics of processes, best practices, and successes for Urban Renewal Authorities (URA) in Wheat Ridge, CO. Quite aptly, our venue was the Wheat Ridge Recreation Center which was a major project of the Wheat Ridge URA, lead by one of our speakers and board members, Steve Art. We touched on such topics as Tax Increment Financing (TIF), URAs in rural communities, presented case studies from around the state, financing and the new state legislation affecting the way URAs function.
Some of the speakers included Kimberly Bailey of the Fountain Urban Renewal Authority who talked about the recent number of rural URAs who have met success and keynote speaker Tracy Huggins of the Denver Urban Renewal Authority touched on supporting small businesses and entrepreneurship as well as public art. Our case study comes out of Colorado Springs, the Ivywild School development, in which the former school, closed in 2009, was brought back and repurposed for mixed use, public gardens, and common space to produce a vibrant built environment. Kristin Sullivan of Adams County spoke about being proactive in engaging with the recent state legislative changes regarding URAs and their experiences with this in Adams County. Finally, we had associates from the firm Brownstein, Hyatt, Farber, and Schreck talk about financing and negotiating with developers in the course of implementing a URA project.
Join us next time on December 8th for our next URA training where the theme will be “expanding opportunities” -- visit our website or give us a call at 303.282.0625!