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Pueblo County approves Dillon Drive TIF agreement, OKs marijuana excise scholarship distribution
Summary
The Pueblo County Board of County Commissioners approved a property tax increment financing agreement for the Dillon Drive Urban Renewal Project and a funding-assistance agreement to distribute marijuana excise tax scholarship funds for fall 2025 and spring 2026. The TIF carries estimated revenue and pending floodplain review.
The Pueblo County Board of County Commissioners on Sept. 25 approved a property tax increment financing (TIF) agreement for the Dillon Drive Urban Renewal Project and a separate agreement to distribute marijuana excise tax scholarship funds for the 2025 fall and 2026 spring semesters.
During a presentation, a project representative described assumptions underlying the Dillon Drive proposal: an estimated 25-year TIF of about $18,000,000, a developer reimbursement rate of 75% and roughly 104,000 square feet of new building with construction estimated…
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