Urban Renewal Applicability Bill Provides Certainty to Urban Renewal Community; Plus Two Other Urban Renewal Bills

On Friday, March 31, more than a year of ongoing discussions and negotiations among urban renewal stakeholders came to fruition with the introduction by Colorado State Sens. Rachel Zenziger (D – Arvada) and Beth Martinez Humenik (R – Thornton) of SB 17-279, “Concerning Clarification of the Applicability Provision of Recent Legislation to Promote an Equitable Financial Contribution Among Affected Public Bodies in Connection with Urban Redevelopment Projects Allocating Tax Revenues.” The House sponsors are Colorado State Reps. Susan Beckman (R-Arapahoe) and Matt Gray (D-Broomfield).

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