Fort Collins Urban Renewal Authority
"The mission of the Fort Collins Urban Renewal Authority is to remedy blight, using Tax Increment Financing (TIF) to leverage private capital investment, and stimulate development and public improvement projects."
Fort Collins is a community with a strong sense of place. It has gained accolades as one of the best places for jobseekers in Colorado, one of the best towns in America and among the healthiest and most bicycle friendly to live in.
As part of the City’s mission to provide exceptional service for an exceptional community, the Fort Collins Urban Renewal Authority is committed to placemaking. That means creating a long-term strategy that meets – and even exceeds – the community’s goals for redevelopment within the City. The Urban Renewal Authority focuses on redeveloping the urban core, with particular attention paid to areas with aging infrastructure and unsafe conditions. Through financial incentives and strategic partnerships, the URA attracts private sector investment to the urban core to achieve the community’s desired land-use pattern.
The URA invests Tax Increment Financing and forms strategic partnerships with the aim to:
- Create a project that would not otherwise happen when site conditions make private, market-rate redevelopment impractical.
- Accelerate the timing of a project when conditions on the site make the timing of market rate redevelopment uncertain, and perhaps slower than the community would like to see.
- Enhance a project so that it conforms, or exceeds identified objectives in the City’s comprehensive plan when conditions on the site are such that the likely market rate redevelopment outcome is not desirable.
Upcoming Project: Drake and College
Drake & College - A new Urban Renewal Plan area is currently undergoing URA Board discussion at Drake & College Avenue. The overall objective of the proposal is to remediate blight conditions and prevent further deterioration through private investment, URA investment and implementation of City Plan (City of Fort Collins Comprehensive Plan 2011), Midtown Plan 2013, City of Fort Collins Master Street Plan 2013, City of Fort Collins Transportation Master Plan 2013. Projects proposed at Drake and College are seeking to utilize Tax Increment Financing (TIF) to offset the associated high redevelopment costs, such as clearing of vacant structures, improving drainage, intersection improvements, and improved pedestrian, bike and vehicular safety. See our URA Board meeting agenda page to read the proposed Urban Renewal Plan and its related findings.
The City organization supports infill and redevelopment to meet climate action strategies and other community goals as described in Plan Fort Collins.