Fort Collins Urban Renewal Authority
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.
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.
Latest Project: Lyric Cinema
The Lyric Cinema, a project funded in part by the Fort Collins Urban Renewal Authority (URA), is scheduled to be completed in fall 2017 at 1209 N. College Ave. The 1.6-acre project will include a 10,000-square-foot building for a three-screen movie theater, restaurant and bike-in outdoor theater venue. The development increases the Lyric’s size to a 500-seat capacity theater. The Urban Renewal Board approved $209,000 to help fund stormwater improvements and landscaping for the project associated with URA efforts to improve the area.
The City organization supports infill and redevelopment to meet climate action strategies and other community goals as described in Plan Fort Collins.