Government & Politics  June 6, 2023

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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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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