Governor vetoes urban renewal amendment that targeted Centerra South

LOVELAND — Gov. Jared Polis has vetoed the bill that sponsors had intended to stop the use of urban renewal law to finance infrastructure for Centerra South in Loveland.

Polis said in his veto statement that he recognized that use of URA law to develop agricultural land is a “legitimate issue.”

“However, my understanding is that this bill was intended to target a single urban renewal plan, which was later approved. While this bill may not actually affect that plan anymore, we must also carefully consider the ramifications that retroactively altering existing statute could have on planned development proposals and future urban…