Urban renewal in Fort Collins' Midtown
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Redevelopment zone - Fort Collins is putting several economic initiatives in place to help revitalize the Midtown area, generally College Avenue, from Prospect Avenue south to Harmony Road. Source: City of Fort Collins
(Map by Bernie Simon.)
The old Toys R Us in Fort Collins’ Midtown area.
Tax-increment financing - This chart illustrates the often-confused process behind tax increment financing, one of the economic development tools in use by the City of Fort Collins for redeveloping Midtown. Source: City of Fort Collins.
Also for the two areas combined, $19 million in tax increment financing has been dedicated to approved projects within the URAs, and $34 million in tax increment has been generated by URA projects.
Most of money in these numbers comes from the North College URA, established well before the Midtown URA in 2011, though the figures generated by the North College area could be indicative of what may be ahead for Midtown.
The revitalization of Midtown Fort Collins has been identified as one of the key priorities for the city, and projects like the Mason Corridor and the rehabilitation of the Foothills Mall are big steps toward meeting goals for the area.
Right now, the city is working on creating a Midtown Plan, which will provide the "urban design vision" to guide redevelopment in the future. One of the biggest goals is to transform Midtown from an "autocentric" corridor, where most people travel by car, to a transit-oriented corridor that encourages walking, cycling and the use of the MAX Bus Rapid Transit system.
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