GURA reports first TIF payment moving to Gateway Village: $961,277
Staff reported that GURA is processing its first TIF payment to the Gateway Village development from the West Colfax project area totaling $961,277 and said most revenue for the year has been received.
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During the staff report, the board was told the revenue/expense tracker is up to date and that GURA is in the process of making its first tax-increment (TIF) payment to the Gateway Village development from the West Colfax project area. Staff gave a figure of $961,277 for that payment and said additional payments will be processed this month or next.
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