Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee recommends Bell Building urban renewal plan, developer seeks TIF to finance rehabilitation
Summary
The committee voted to recommend adopting a resolution approving the Bell Building Urban Renewal Project and Plan; the developer said the project includes apartments, street-level retail and an automated parking system and will seek tax increment financing and historic tax credits to fill a financing gap.
The Cheyenne Public Services Committee voted to recommend that the City Council adopt a resolution approving the Bell Building Urban Renewal Project and Plan under Wyoming Statute 15-9-110. The plan would enable tax increment financing (TIF) to help rehabilitate the historic building at 1605 Central Avenue.
Development staff described the property as an 18,000-square-foot historic structure that has required stabilization and remediation work, including roof and contaminant issues. The property previously received a Brownfields Revolving Loan Fund grant of about $408,000 and more recent façade work funded in part with a DDA matching grant of about $50,000. The developer reported additional private investment of roughly $400,000 in façade and window improvements.
Under the proposed urban renewal plan, the developer would remove an…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
