Economy & Economic Development March 16, 2018 8:47:48 pm

Greeley, DDA work on incentives for downtown developers

An architectural rendering shows a portion of South Maddie, a mixed-use development that Greeley-based Richmark Cos. wants to build on several blocks of 8th Avenue in downtown Greeley. Courtesy Richmark Cos.

By Doug Storum

GREELEY — The Greeley Downtown Development Authority on Thursday passed a resolution that would allow its executive director to complete an agreement with the city of Greeley to provide tax-increment financing to developers within the downtown district.

The tax-increment financing would be a component of a larger incentive plan the city is creating for developers for new projects in its three redevelopment districts, including the Downtown Development District.

The Greeley City Council, at a work session on Tuesday, outlined a conceptual plan for the Redevelopment Incentive Program that would include reimbursements for permits and fees,…

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