Old Colorado City special taxing district question headed for November ballot

An overarching vision to revitalize Old Colorado City, which supporters say would create new entrepreneurial opportunities and establish consolidated leadership that would better guide rejuvenation efforts, is on its way for voters to decide this fall.

The Colorado Springs City Council voted for the first time Tuesday, 8-1, to determine if it is necessary to establish an Old Colorado City Downtown Development Authority. The council supported referring several questions to the Nov. 5 ballot that would create the development authority, establish a special tax rate within district boundaries to fund it, and authorize the proposed district to take on up to $5 million in debt to pay for development and redevelopment projects.

The district is proposed to be bounded at the Colorado Springs and Manitou Springs line to the west; to the north by the alley between West Pikes Peak Avenue and Colorado Boulevard; to the east by Interstate 25; and to the south by the alley between West Cucharras Street and Colorado Boulevard. It would also include the southern nodes at I-25 and 21st Street.

About nine Old Colorado City residents and business owners told the council on Tuesday an established downtown development authority would allow for more diverse funding options to revitalize the area, bringing more opportunity for growth and economic development in Old Colorado City.




https://gazette.com/election-coverage/old-colorado-city-downtown-development-authority-november-2024-ballot-question/article_50b61ea0-5a67-11ef-89ff-53437270817c.html