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Downtown Development Authority and BID summarize role, TIF and recent projects
Summary
City staff and the Downtown Development Authority (DDA) executive director reviewed the DDA and Business Improvement District (BID) roles, financing tools including TIF, and recent downtown investments such as convention center and riverfront projects.
Brandon Grama, executive director of the Downtown Development Authority (DDA), gave a 30‑minute briefing to City Council on Sept. 15 outlining the DDA’s and Business Improvement District’s (BID) missions, boundaries and recent work to foster downtown investment and activation.
Grama explained the BID focuses on marketing and special events in the Central Business District and derives revenue through a property assessment on commercial parcels plus sponsorships and vendor fees. He said the DDA’s statutory authority (C.R.S. 31‑25‑801, cited in the briefing) enables tax‑increment financing (TIF) dollars to be used…
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