Money factors big in Littleton urban renewal election-Denver Post

Money factors big in Littleton urban renewal election

By John Aguilar
The Denver Post

Nearly $70,000 has been injected into  a special election in Littleton that will help determine the course of future redevelopment efforts.

The bulk of that sum — $67,405 — has been raised by opponents of Question 300, a charter amendment that would limit the city’s power and discretion to use urban renewal tools like eminent domain and tax increment financing, to lure developers into revamping aging retail centers in Littleton.   Please follow the link to see the rest of the article.  http://www.denverpost.com/news/ci_27534434/money-factors-big-littleton-urban-renewal-election

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One Response to Money factors big in Littleton urban renewal election-Denver Post

  1. Carol B says:

    Great job reporting Mr. Aguilar. Either Stew Meagher doesn’t know or doesn’t want others to know that a vote is not required with each project – a vote would be required for an urban renewal plan of which we now have four. Plans were brought forward to council two at a time with very little time in between – meaning that one election could have taken care of all four plans. As far as the cost of an election – a tiny drop in the bucket compared to the millions in tax dollars that will be taken from the schools, parks, city and county. Besides, the urban renewal board is asking developers $20,000 just to sit at the table with them and $60,000 a year to allow urban renewal to manage their projects. Heck, the contributions they have raised from the developers and real estate pros would pay for two elections….

    Like

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