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Consultants urge Boulder to evaluate downtown development authority, district consolidation and new revenue tools
Summary
Consultants from PUMA recommended evaluating a downtown development authority (DDA) connecting downtown and The Hill, consolidating overlapping improvement districts, and considering a mix of revenue tools — including tax increment financing, mill-levy adjustments, a Pearl Street public-improvement fee, and lodging assessments.
Consultants from the PUMA firm presented an existing-conditions analysis and recommendations for Boulder—s established improvement districts (GIDs) and business-improvement areas at the April 8, 2025 joint commission meeting. The presenters recommended evaluating the formation of a downtown development authority (DDA) that could encompass downtown and The Hill and potentially extend to other commercial areas.
Why this matters: Presenters argued a DDA could provide options—tax increment financing (TIF) and an optional mill levy of up to five mills—to fund capital maintenance, streetscape and visitor-experience improvements without immediately raising existing tax rates citywide. Regan, a PUMA presenter, said, "Tax increment financing does not increase anybody's taxes," explaining that a DDA captures only future revenue increases above a base year and can reinvest the increment in the district.
Key findings and recommendations: - District profiles: PUMA…
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