Real Estate & Construction  March 23, 2023

Thompson School District approves Centerra South revenue-share agreement

LOVELAND — The Thompson School District has signed off on an agreement to share new tax revenue with the Centerra South urban-renewal authority, if the city of Loveland creates the new URA.

On a 4-3 vote preceded by multiple speakers voicing concerns with the agreement, the board endorsed the agreement that had been negotiated with developer McWhinney Real Estate Services Inc.

Unlike past URA structures that diverted all incremental increases in property-tax revenue from the school district, Larimer County and special taxing districts, this one at least as it applies to the school district will enable the district to retain virtually all…

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Ken Amundson is managing editor of BizWest. He has lived in Loveland and reported on issues in the region since 1987. Prior to Colorado, he reported and edited for news organizations in Minnesota and Iowa. He's a parent of two and grandparent of four, all of whom make their homes on the Front Range. A news junkie at heart, he also enjoys competitive sports, especially the Rapids.
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