by Mike Krause
In June, a south suburban Denver fire district filed suit against the urban renewal authority (URA) in Parker, Colorado over the diversion of property taxes to subsidize redevelopment projects. Also in June, news broke that the URA in Arvada, Colorado in the north metro Denver area sold a 9-acre parcel of land to a developer for $30. The land is valued at around $9 million.
These are recent examples, but the abuse of urban renewal authority, including condemnation and tax diversion, has been going on for decades.
Read the whole article originally published in The Hill on July 4, 2017.