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City of Colo outlines 93‑lot housing plan; RFPs to be issued next week, TIF discussed
Summary
Representatives from the City of Colo presented a preliminary plat for a 93‑lot subdivision including townhomes, two lot sizes and phased development; the city plans to issue RFPs next week and intends to use tax increment financing for most of the project.
City of Colo representatives told the Story County Board of Supervisors on Feb. 25 they are preparing to issue requests for proposals and are advancing a preliminary plat for a 93‑lot housing development that includes townhomes and single‑family lots.
Why it matters: The project would add housing supply within Colo city limits, with potential local tax‑base and school‑district impacts; the city described an intent to use tax increment financing (TIF) for most of the development.
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