The Urban Renewal Authority is in place to identify and revitalize areas of the city deemed blighted and provide a funding mechanism to encourage redevelopment. The main funding tool is Tax Increment Financing (TIF) generated through property taxes. The plan areas capture TIF for a period of 25 years. Qualified projects can receive a portion of property tax generated to be allocated back into the project for the community’s benefit. Public and private investment in the areas further promotes development and redevelopment in a plan area, such as North College or Midtown.
A public hearing will take place before City Council on April 29 at 6PM in the City Council Chambers, located at 300 LaPorte Avenue. The purpose of the hearing is to consider an amendment to the Midtown Urban Renewal Plan to allow for Tax Increment Financing for the Foothills Mall area.
Click here to read the amended Midtown Urban Renewal Plan underconsideration on April 29th, 2013.
Click here to read Sept. 6th, 2011 Midtown Urban Renewal Plan.
Please call the Urban Renewal Authority at 970-221-6342 with questions regarding the public hearing agenda.
With the adoption of the Midtown Urban Renewal Plan Area, the City of Fort Collins can prioritize targeted redevelopment areas. The goal is to reduce barriers to infill development and redevelopment and, depending on the project, accommodate mixed-use projects and high density housing.
It's a win win situation--public private partnerships can turn around the heart of Fort Collins.
This is the second Urban Renewal Plan Area in Fort Collins; North College Urban Renewal Plan Area was established in 2004.
Midtown Plan Area approved
Prospect South TIF district created
The Summit on College
Northeast College Corridor Outfall Project approved
Habitat for Humanity
Revised Policies and Procedures
Kaufman and Robinson (amended)
Rocky Mountain Innosphere
Union Place (2012 update:project dissolved)
Kaufman and Robinson
Foothills Mall Plan Area dissolved
North College Marketplace
Foothills Mall Plan Area created
Valley Steel and Wire Company
North College Plan Area created
Urban Renewal Authority created