Got TIF, PIF or RSF? How public-financing mechanisms work

Tax Increment Financing, Public Improvement Fees and Retail Sales Fees are important and necessary tools to aid and encourage development and redevelopment of communities throughout Northern Colorado. In the current environment of rising construction costs and city-imposed fees, most projects wouldn’t be economically feasible without the assistance of public finance methods generated by local governments and/or retail consumers.

Furthermore, these tools utilized by businesses and developers allow local governments and authorities to focus development and redevelopment on areas that need it most.

The Urban Renewal Authority and Downtown Development Authority are quasi-governmental bodies responsible for identifying specific areas of focus for development…