The tax agreement covers the area where the now-demolished Sun Valley Homes once stood and will pay for things like replacing the neighborhood’s circuitous streets with a more traditional grid better suited for dense housing.
The Denver City Council on Monday approvedthat will provide the Denver Housing Authority worth up to $10.3 million to pay for a new street grid and other infrastructure upgrades in the city’s changing Sun Valley neighborhood.
, including money to replace the outdated and deteriorating Sun Valley Homes government housing project there that was home to 333 apartments for low-income people and families. The urban renewal authority, or DURA, will be collecting the property taxes generated by new development on the currently vacant land and reimbursing the Denver Housing Authority for up to $10.3 million of eligible work. The tax increment agreement expires after 25 years if the reimbursements don’t hit that threshold first.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Denver 911 increases hiring bonus, doubles training capability to combat staffing shortageData shows more people are calling for help during emergencies, and Denver 911 is trying to keep up.
Read more »
Two people taken to hospital after shooting on Downing Street in DenverTwo people were rushed to the hospital Wednesday evening after a shooting on Downing Street in Denver.
Read more »
Tenants win eviction lawsuits against downtown Denver luxury apartmentsFour tenants at a luxury downtown Denver apartment won two eviction lawsuits in July after the respective judges ruled the apartment breached their leasing contracts. via bayanwang
Read more »
Three of five PopUp Denver businesses to stay downtown after free rent endsAs new businesses get ready to apply for the second phase of the PopUp Denver program, winning businesses of phase one are reaching the end of their free rent. via robharristv
Read more »
Opinion: Denver Public Schools is not OK, but we can fix that, togetherThe backbone of Denver – our public education system – is broken.
Read more »
Denver weather: Mostly sunny and cooler Tuesday aheadThe day will be mostly sunny with at high of 69 degrees, with only a slight 20% chance of mountain storms moving into the Denver area.
Read more »