GPHC Expresses Opposition to TIF-funded Redevelopment at 9th and Colorado
The Board of the Greater Park Hill Community, Inc., often writes letters of support or concern on issues facing the community. At the September meeting of the GPHC, a discussion took place on Fuqua Development’s plan to apply for Tax Increment Financing (TIF) through the Denver Urban Renewal Authority (DURA) to help fund redevelopment at the former University of Colorado Hospital site at 9th Avenue and Colorado Boulevard. Should DURA support TIF funding for the site, a vote on the funding would rest with City Council. The GPHC Board of Governors wrote the following letter to City Council to express opposition for TIF funding at the 9th and Colorado site.
September 19, 2012
The Honorable Mary Beth Susman, President, et al
Denver City Council
1437 Bannock St., Rm. 451
Denver, Colorado 80202
RE: Tax Increment Financing for current proposed development at 9th and Colorado Boulevard by Fuqua Development, LLC.
Dear Council President Mary Beth Susman and all members of Denver City Council:
By a unanimous vote of a quorum at its September meeting, the Board of Governors of Greater Park Hill Community Inc. (GPHC) formally opposes Tax Increment Financing (TIF) for the current proposed development at 9th and Colorado Boulevard by Fuqua Development, LLC.
The GPHC Board held its monthly meeting on Thursday, September 6, at the Greater Park Hill offices at 2823 Fairfax, Denver, Colorado 80220. The meeting convened at 6:30 p.m. and adjourned at 8:00 p.m.
The vote was to approve a motion for a GPHC position statement on Tax Increment Financing (TIF). Twelve Board members present, constituting a quorum, unanimously approved that GPHC would take a position of OPPOSITION to Tax Increment Financing for the project which Fuqua Development currently proposes for the site formerly occupied by the University of Colorado Health Sciences Center.
The Greater Park Hill Community Inc. strongly opposes the use of TIF for the current plans by Fuqua Development LLC and strongly encourages City Council to vote against TIF for the current plans by Fuqua Development LLC for the redevelopment at 9th and Colorado Boulevard.
Most Respectfully Submitted,
Bernadette Kelly
Property Use Committee Co-Chair