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Casper staff ask council to study re-establishing urban renewal authority to spur redevelopment
Summary
City staff asked the Casper City Council to direct a consultant-led study to evaluate re-establishing an urban renewal authority (URA) to unlock grant, bond and tax-increment financing tools for five candidate areas, citing prior Yellowstone District results under HUD/CDBG funding.
Casper city staff asked the City Council on Thursday to direct a study of whether to re-establish an urban renewal authority that could be used to finance infrastructure, cleanup and redevelopment in targeted neighborhoods.
Interim City Manager Liz told the council staff had prepared white papers and in 2002 created a Yellowstone District URA that later opened access to federal grants. "What we are bringing forward is a request for direction from you to see if in fact we'd like to again look in to establishing an urban…
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