Loveland water feature seeks developer, land vote Tuesday

LOVELAND — The Loveland City Council plans a vote Tuesday on removing 42 acres from an urban renewal area near Centerra for a whitewater park and resort the city envisions, if it can also find a new developer.

The land needs to be excluded from a master finance agreement with McWhinney so that Loveland can commit incremental increases in sales and property tax receipts to the new project, which would be partially funded through the Northern Colorado Regional Tourism Authority.

“Removing the properties allows the property taxes to be paid to the relevant taxing entities as determined by the Larimer County Assessor…