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Outside counsel outlines DDA, BID and URA powers and limits for Thornton
Summary
Carolyn White, a land‑use and public‑finance attorney, presented downtown development authorities, business improvement districts and urban renewal authorities and explained how tax increment financing, board composition changes under House Bill 1348 (2015) and IRS bonding rules affect what cities can fund.
Carolyn White, a shareholder at Brownstein Heit Barber Schreck, told the Thornton City Council the city can use downtown development authorities (DDAs), business improvement districts (BIDs) and its existing urban renewal authority (URA) to close the gap between private development economics and community priorities.
White said the “purpose of urban renewal is to eliminate slum and blight,” and that URAs are distinct from DDAs and BIDs in statutory purpose, boundary rules and revenue procedures. She warned that since House Bill 1348 took effect cities must negotiate with other taxing entities before capturing property‑tax increment for new URA plan areas adopted or amended after Jan. 1, 2016.
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