Coloradans are pushing back on urban renewal abuse
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.
Littleton City Council moves to abolish its urban renewal authority
From its origins as an effort to address legitimate slum and blight, URAs and TIF are now prime examples of cronyism and corporate welfare at the local level.
