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Commission designates Castle Rock Economic Development Area, approves residential housing program
Summary
The commission approved Resolution 2026-07-22A creating the Castle Rock EDA, approving an economic development plan and establishing a residential housing program; attorney Tom Everett described the move as pruning underperforming parcels and noted a state law change extending residential TIF terms to 25 years.
The Redevelopment Commission approved Resolution 2026-07-22A to declare the Castle Rock Economic Development Area and adopt an economic development plan that includes a residential housing program. The motion was moved, seconded and carried by roll call 3–1.
Tom Everett, representing Barnes and Thornburg, told the commission the package is intended to "prune" parcels that reduce TIF performance rather than to create new TIF districts. He said the change in the residential TIF term "is just complying with state law, is the way I read it." Commissioner Gerald Swatz cast the lone dissent on the measure.
The resolution was described in the meeting as a step to protect local TIF revenues and maintain efficient allocation areas; no public comment was recorded during the item.
