Welcome to the Fort Collins URA
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.
Foothills Mall Purchased by Investors for Redevelopment
Read the full press release here, and check back often for updates.
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The Commons, a new mixed-use student housing development in the Midtown Urban Renewal Plan Area
Midtown Urban Renewal Plan Area
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.