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Englewood DDA outlines nearly $3 million in 2026 investments, $70 million debt capacity for redevelopment
Summary
The Englewood Downtown Development Authority told the Budget Advisory Committee it will invest about $3 million in 2026 for downtown projects and has voter-approved capacity to incur up to $70 million in debt over 25 years to finance longer-term redevelopment, funded through tax-increment revenues.
Hillary Portel, executive director of the Englewood Downtown Development Authority, told the Budget Advisory Committee the DDA will invest nearly $3,000,000 in new projects, partnerships and events in 2026 as part of a multi-year push to implement downtown redevelopment.
Portel said the DDA is funded solely through tax-increment financing (TIF) — new sales and property tax revenue generated in the downtown district — and that those incremental revenues must be reinvested in the district. "We will invest nearly $3,000,000 into new projects, partnerships, and events that will further this mission," Portel said.
The presentation listed a portfolio of capital priorities the DDA expects to move toward construction in…
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