Loveland OKs Draper garage, Centerra debt refinancing
LOVELAND – City Council members gave final approval Tuesday night to two contentious issues: a cost-sharing arrangement for a parking garage in downtown Loveland and a plan to refinance debt by the Centerra area’s taxing district.
Mayor Jacki Marsh expressed strong opposition to both issues.
A series of four 8-1 votes by councilors acting as the City Council and the Loveland Urban Renewal Authority cleared the way for the agreement that will help developers of downtown’s mixed-use Draper Heartland Project design a 277-space, $12 million parking garage for it, although Marsh repeated concerns she expressed Aug. 16 when the council and LURA…
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