| What are
the absolute essentials I should know about urban renewal in Louisville? |
| There are three things you should know: 1. The Louisville Revitalization Commission (which is the urban renewal authority in Louisville) proposes to divert $77+ million of sales tax and property tax revenue (including some $35 million in Louisville sales tax revenue) from the City, Boulder County and the Boulder Valley School District over the next 25 years. 2. Among other things, the LRC may use the taxpayer dollars to pay incentives to developers to develop in an area--including around the Hwy 42 FasTracks commuter rail station--where it is likely no taxpayer development incentives will be necessary. 3. The LRC's seven unelected officials directly control the bank accounts in which the tax revenues will be deposited, and will control much of the information that will be used in urban-renewal planning in and around the City's historic downtown. |
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