Government & Politics  October 11, 2023

Loveland URA board votes to ratify new financing for Centerra South

The new site plan for Centerra South shows the grocer in the upper right, retail down the spine with a central green area bordered by an office complex (in blue), hospitality, and multi-family housing. The ring of housing to the far right, or east of the property, would likely be the first to be built. The red barn structure is labeled “retail” in this drawing, adjacent to the central green. Courtesy McWhinney.
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LOVELAND — Members of the Loveland Urban Renewal Authority Tuesday night voted to ratify the amended financial agreement that will support construction of infrastructure for the Centerra South residential and commercial development in Loveland.

In two 9-4 votes — one that added Larimer County’s participation in the plan and the other that re-ratified the tax-increment financing arrangements with the other taxing authorities and lowered the city sales-tax contribution from 1.75% to 1.25% — the commission moved the project to just one vote away from final approval.
That final vote, which will occur at the Loveland City Council meeting Oct. 17, will, if…

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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.
Categories: Today's News Government & Politics Loveland Real Estate & Construction Sunday Weekly Centerra South Loveland Urban Renewal Authority McWhinney Real Estate Services Inc.
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