FORT COLLINS — Two Urban Renewal Areas in Fort Collins have so far seen a combined total of $124 million in private investment directed at redeveloping somewhat dilapidated parts of town.

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.