Urban Renewal vs Urban Legend! You Decide

Urban Renewal – Myth or Legend

The city has decided to use our tax dollars to mail out to each household a slick brochure trying to debunk what they call the “urban legend.”  City Council approved the expenditure of $25,000 for the “invitations” entitled Urban Renewal vs Urban Legend.

The city is obviously responding Continue reading

Short History of the Last Urban Renewal Project in Littleton-Riverfront

If you would rather read a few pages than read the lengthy Summary of the Littleton Riverfront Authority’s Meeting Minutes, then this is for you.  Doug Clark has written a short history of the LRA – take a look.  Thank you Doug!

The History of Littleton Riverfront Redevelopment

Introduction

The Littleton Riverfront Redevelopment started out with lofty urban renewal goals:

  • Transform a marginal and under-utilized area into an environment with 24 hour vitality and use which integrates residential, office and limited retail uses in a three dimensional mixture.1
  • Which will remedy the conditions of blight that impairs and arrests the sound economic growth of the City.
  • Funded by a financially attractive method utilizing tax increment or other financing.
  • Which has been validated by an independent financial analysis by a reputable firm showing adequate tax increment to cover debt service needs.
  • And will provide substantial monetary benefit to all taxing entities.
  • All without subsidization by the City.2Littleton City Council blighted the Riverfront Area and formed an urban renewal authority in 1980, delegating to that authority the task of redeveloping the Area. The authority was originally named the Littleton Riverfront Authority (LRA), but the name was later changed to Littleton Invests for Tomorrow (LIFT). We will use LIFT hereafter to avoid confusion.What actually happened in the redevelopment was very different than what was envisioned by the City Council and LIFT.
  • The “three dimensional mixture” of land uses never happened because the residential and office buildings were never built.
  • The “limited retail” was built but failed after only four years, leaving the shopping center vacant for nine years before it was converted into office uses.
  • The public costs of condemning the properties and relocating the tenants were originally estimated to be a maximum of $2 million,3 and to be “roll-over costs refunded at the resale of the property.” Instead those costs ballooned to more than $13 million, less than half of which was covered by the resale of property.4
  • The incremental tax revenue was never enough to fully service the scheduled payments for any of the three tax increment bond issues used to finance the costs, leaving multiple investors holding the bag on millions of dollars of Riverfront debt.
  • Contrary to idea of “no subsidies required by the City” the City provided multiple subsidies to LIFT, as well as loaning LIFT substantial amounts of money that were not repaid. LIFT currently owes the City of Littleton approximately $12 million.
  • The blight in the area, which was the whole reason for undertaking the redevelopment, was not remedied. LIFT’s consultant has recently concluded that blight currently exists in the Riverfront Area.5
  • The redevelopment did not provide substantial benefit to any taxing entity in the area. None of the taxing entities realized any increase in tax revenue for the first 25 years after the start of the redevelopment, and only minimal revenue increases in the last six years.The Riverfront Redevelopment project managed by LIFT turned out to be a complete failure.The Riverfront Redevelopment urban renewal project did not remedy blight and it did not provide any additional revenue for the city. It did however cost the City of Littleton $12 million, cost the investors who bought Riverfront bonds millions, and siphoned off tax dollars from Littleton Public Schools, South Suburban Parks and Recreation, and Arapahoe County.The Littleton City Council wants to repeat the same process, on the same property, with the same LIFT board.__________________________1. Presentation by Gale Christy to LIFT, January 1981.
    2. City Council Resolution # 64, September 15, 1981.
    3. LIFT minutes, May 11, 1981.
    4. $5M + $1M land sales to Writer Corp., $1.43M loans from City, $5.385M 1988 bonds, + various gifts of cash from the city. 5. Littleton Invests for Tomorrow, Draft Conditions Survey Findings, dated 22 May 2014, pages 48 – 62.

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What Does Urban Renewal Look Like in Littleton?

Why You Need the Right to Vote on Urban Renewal Plans

Urban Renewal is where the City Council declares an area as slum and blighted.

Once the Council “finds” the area to be slum and blight, the City’s urban renewal authority (LIFT) can condemn property and collect taxes belonging to other taxing entities in the urban renewal area. The collecting of taxes which belong to other taxing entities is called Tax Increment Financing, or TIF for short. The other taxing entities include Littleton Public Schools, Arapahoe County, South Suburban Parks and Recreation District, and Urban Drainage and Flood Control District.

Please open link below to read more.

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Columbine Square Urban Renewal Area Impact Report to Arapahoe County

2014 Columbine Sq Impact Rpt

Santa Fe Urban Renewal Area Impact Report to Arapahoe County

2014 Santa Fe Impact Rpt

Same Story – Different Location – Urban Renewal and the Redirection of Your Tax Dollars

This link will take you to a site with more information than you really want but it does illustrate that what is happening in Littleton with urban renewal and tax increment financing is happening elsewhere in the state.

If you have not signed the petition being circulated by citizens to stop the redirection of your tax dollars from the schools, parks, city, county and urban drainage to the urban renewal authority in Littleton please consider doing so.  Over 3,200 signatures are required and each and every signature is one more closer to our goal.  Please email littletonviews@comcast.net if you would like to sign the petition and one will be at your door!

http://www.joelmillercoloradospringscitycouncil.com/eminent-domain.html

Urban Renewal and TIF at Issue – It’s Not Just Littleton!

Read about what is happening in Colorado Springs – it will sound very familiar only this effort is actually being led by a sitting councilman.   If you haven’t signed the petition being circulated by citizens to stop the theft of tax dollars intended for the schools, park district, city, county and urban drainage and want to – please email littletonviews@comcast.net.

 

http://www.joelmillercoloradospringscitycouncil.com/truth-in-lending.html

Planning Board Tables Decision on Two Urban Renewal Areas

Tonight, Aug. 18, 2014, the Planning Board tabled the discussion and decision on accepting or rejecting the Urban Renewal Plans for the Santa Fe Corridor and the Columbine Square area.   Some members of the Planning Board sited the fact that they received the information on Friday afternoon and an amendment at 11 o’clock today which was not enough time to consider the information properly.

LIFT sent their urban renewal plans for the two areas to the Planning Board as required by law. (Two more plans will be forthcoming.)  The Planning Board has 30 days to make a recommendation to the city council as to whether or not the plans comply with Littleton’s Citywide Complan.  The presentation by LIFT’s consultant spent most of her time relating the urban renewal plans to the Economic Plan which is not what the law requires.

The meeting will resume on Sept. 15th at 7pm in the council chamber.

Citizen’s Petition to Amend Charter – Why Should Taxes Intended for LPS go to Urban Renewal? Support the Citizen’s Initiative

A group of citizens are gathering signatures of registered Littleton voters to amend the City Charter to add a new section on Urban Renewal.  Urban Renewal is generally funded by Tax Increment Financing (TIF) which diverts tax dollars intended for the City, County, Littleton Public Schools, South Suburban and Urban Drainage to the Urban Renewal Authority, LIFT.

We believe that if the city council approves an urban renewal plan that includes TIF and the use of eminent domain that voters should have a say in whether or not their tax dollars that were intended for the schools and other taxing entities should go to the Urban Renewal Authority aka LIFT.  Here is the actual language being proposed as a new section to the Charter:

“Any council action approving or modifying an urban renewal plan pursuant to Part 1 of the Colorado Urban Renewal Law must be ratified by the registered electors of the City of Littleton if the approval or modification of the urban renewal plan proposes the use of or changes to eminent domain, condemnation, tax increment financing, revenue sharing, or cost sharing.”

If you would like to sign the petition, please email littletonviews@comcast.net.  If you would like to carry a petition do the same!  We need 3,152 signatures………….if you agree, please email us so we can get a petition in front of you to sign.  Your signature is valuable!!!

Urban Renewal Plans are In – Columbine Square

Follow the link  Columbine Sq Urban Renewal Plan