A billion-dollar development planned for Loveland promises to bring hundreds of jobs and boost the local economy. But some local leaders are divided because the developer wants taxpayers to pay for infrastructure costs.
LOVELAND, Colo. — A billion-dollar development planned for Loveland promises to bring hundreds of jobs and boost the local economy.
The developer wants $147.5 million in taxes generated from the property over 25 years to be diverted to pay for the site’s infrastructure, including road construction and water and sewer services.Urban renewal plans are common across Colorado. "She’s been making innuendos like this for quite a while. We’ve gotten somewhat used to it, but it’s very frustrating," Overcash said.
"Our legal analysis is Senate Bill 273, even if the governor signs it, won’t apply to this project," Mercer said, noting that the effective date applies to urban renewal plans that are approved on or after the effective date of the legislation.
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