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Boulder Urban Renewal Authority (BURA) · regular
04-30-26 Boulder Urban Renewal Authority Meeting
- Date
- Series
- regular
- Status
- past
- Sources
- Laserfiche: 3 files; YouTube playlist; YouTube's automatic captions
Agenda
No agenda items read for this meeting.
Excerpts by topic
AI-read · unreviewed20 mentions; quotes verbatim from the captions or agenda, chosen by a model, unchecked by a personit'd be helpful just to pro provide a little bit more context of where uh urban renewal ultimately fits into our overall economic development strategy
we took a hard look at our existing general improvement districts and really asked the fundamental question, are these still the right tools
There's already um pretty strong policy foundation in that area with the East Boulder sub community plan and the station area master plan in place
And then we have the east book end of the civic area which is really about strategic reinvestment.
downtown development authority here as well as talk of metro district. How does the ven diagram work?
for instance, you could have an overlapping metro district and an urban renewal area
we do not have any active metro districts. City council did just adopt um an ordinance that allows commercial metro districts within the city.
looking at our comprehensive plan which um may be adopted over the summer.
as a board, as an urban renewal authority, you have an incredible amount of uh public financing tools at your disposal
How much incremental property taxes, sales taxes, lodging taxes could be generated in that area?
Those parcels are very much impacted by the 100red-year flood plane.
then you've got a multi-million dollar say stormwater infrastructure improvement who's going to go and just build that for an entire area
it is essentially capturing property taxes that have base value of an area, the current property taxes, that's not touched.
that predated um any awareness of of the proposal for Pearl Arts District.
I'm not familiar with this Pearl Arts District is that the area east of Foothills along Pearl to the south
in our comp plan that's coming there is a lot of talk about light industrial being kind of a hub in its own way.
The East Boulder sub community plan talks about light industrial being really important and there are actually areas in that plan
if you were to form this plan and authorize TIF the next step and this actually goes to your question about foregone conclusions
That's usually tied to a metro district where you've got tiff flowing to the metro district.
So you can enter into these revenue sharing agreements.
Recording
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Automatic captions: words and names are often misheard.