The NoCo Herald

Larimer and Weld counties, Colorado

Clear, 68° in Fort Collins at 11:25 AM. Forecast high 77, low 45.

Fort Collins

Revised allocation would leave $4.33 million for hub

·Fort Collins·Larimer County

From the Fort Collins Urban Renewal Authority Board meeting of

FCURA’s 2020 strategic plan divided about $13.8 million in projected remaining tax-increment funding among Community Hub, Connected & Vibrant Neighborhoods and Infrastructure at 50%, 25% and 25%. A revised allocation would shift $0.44 million from Community Hub and $1.41 million from Infrastructure to cover the $1.86 million Vibrant Neighborhoods overspend, leaving $4.33 million for Community Hub and exhausting allocations for the other two categories. The revised shares would be 48% for Community Hub, 32% for Vibrant Neighborhoods and 19% for Infrastructure. The preliminary 2027 tax warrant projects about $500,000 less revenue than in 2026 and an approximately $2.0 million cumulative reduction in net cash available from 2027 through 2030. FCURA’s estimate of remaining funds fell from approximately $6.8 million to approximately $4.3 million after adjustments to the tax-increment forecast and increased operating costs for Plaza Unidas and property maintenance. Possible additional funding includes property sales or ground leases, DOLA grants and state transit-related funding; the value of those sources is not known.

More from this meeting

  1. Fort Collins Urban Renewal Authority Board, Oct. 22, 2026

    Fort Collins URA approves $1 million loan for proposed 112 apartments; Fort Collins renewal board approves $1.265 million North College purchase; Fort Collins URA adds $700,000 toward 2027 stormwater work.

  2. Item 2Fort Collins URA approves $1 million loan for proposed 112 apartments

    The Fort Collins Urban Renewal Authority board approved a $1 million loan for a proposed 112-unit income-restricted housing development between Bristlecone Drive and Red Cedar Circle.

  3. Item 3Fort Collins renewal board approves $1.265 million North College purchase

    The amended budget adds $250,000 to cover the price gap, insurance and upkeep. If the purchase closes, the authority would take over as landlord to two tenants under their existing leases.

  4. Item 4Fort Collins URA adds $700,000 toward 2027 stormwater work

    The Fort Collins Urban Renewal Authority Board adopted its 2027 budget Oct. 22. It includes a $700,000 increase in one-time project funding intended to bring its stormwater commitment to $2.1 million.