D O W N T O W
N D E V E
L O P M E N T
A U T H O R I T Y
| 19 Old Town Square Suite 230 Fort Collins, CO 80524 |
970-484-2020 |
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Projects Downtown Alley Enhancement Project In 2008 the Downtown Development Authority initiated a project to transform the downtown alleys from strictly utilitarian spaces to shared spaces full of civic pride and delight. The process started with pilot projects Trimble and Tenney Court and has since expanded, with a master plan to the alleys stretching from W. Laurel Street at the north end of CSU campus all the way through downtown and Old Town Square to Jefferson Street at the River District. Over the next several years, the DDA will be enhancing a few alleys per year until the entire network is complete. The Typical Deal A developer or property owner suggests a project for the central business district. Once a basic framework for the project, which includes conceptual designs, estimated cost of taxable investment, estimated value of public improvements associated with the project (e.g. sidewalks, facades, courtyards, parking) has been established, it is placed before the Board of Directors for its consideration. If the Board chooses it will make a financial commitment to the project based upon the public benefit and the size of the private investment. Usually the developer/property owner is required to return to the Board with final designs and budgets. While the project is built, DDA staff and attorneys draft formal legal agreements and assemble all supporting documentation. At the conclusion of the project, the owner certifies to the County Assessor a specified level of taxable improvements, the agreements are executed, and a check is handed to the developer/property owners. |
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