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Colfax businesses, Bio Fund and business incentives dominate council concerns over BRT impacts
Summary
Council members pressed DEDO and the mayor about business impacts from East Colfax BRT construction and whether Bio Fund and business incentive funds are sufficient; DEDO said more than 54 businesses received Bio Fund grants and that over $25 million was committed to that program previously.
Discussion of the Bio Fund and business incentive fund drew substantial attention as councilmembers described business closures and revenue losses on East Colfax during BRT construction.
DEDO said the Bio Fund is dedicated to businesses affected by the East Colfax Bus Rapid Transit (BRT) project; the presenter said more than 54 eligible businesses have received grants this year and another round of roughly $700,000…
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