Loveland council approves 3 new metro districts for Centerra South
LOVELAND — The final financing step for the Centerra South development in east Loveland received a positive nod from the Loveland City Council Tuesday, a step that will, as anticipated, add significantly to the property taxes that commercial and residential property owners will pay.
Centerra South is a planned unit development proposed by McWhinney Real Estate Services Inc. It is included in a new urban renewal area that permits use of tax-increment financing to help pay for public infrastructure in the development.
As proposed, the development will require at least $147.5 million in public improvements. Of that, slightly more than half, or…
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