Title
A resolution terminating the existing CityGate Urban Renewal Plan.
Related Files: URA 22-716, URA 22-768
Presenter:
Jariah Walker, CSURA Executive Director
Body
Summary:
A resolution terminating the existing CityGate Urban Renewal Plan in order to establish the City Gate 2.0 Urban Renewal Area and Plan. The area consists of approximately 11.63 acres of land. The boundaries of the Plan Area to which this Plan applies includes West Cimarron Street to the north, West Rio Grande Street to the south, Sahwatch Street to the east, and the railroad to the west, The development plan includes 1,200 apartment units and 37,000 square feet of retail space. The Plan Area will be redeveloped into a vibrant, walkable area adjacent to the Weidner Soccer Field in Downtown Colorado Springs. West Moreno Avenue on the north side of the Plan Area will be developed into a pedestrian plaza to create street activation and strengthen the soccer stadium directly north. Additional public amenities include streetscape, sidewalks, trees, and public structured and off-street parking. The proposed development includes public parking in addition to the residential parking requirements.
Along with the plan is a tax sharing agreement between the City and the Colorado Springs and Urban Renewal Authority for funding qualifying public improvements built by the project.
The Council must first vote on the City Gate 2.0 Urban Renewal Area and Plan. If it is approved, the Council may then consider the tax sharing agreement. If the Plan is not approved or final action postponed, then the tax sharing agreement must be either withdrawn or postponed.
Previous Council Action:
City Council approved the original City Gate URA in 2007.
These items are being introduced to Council at the February 13, 2023, City Council Work Session.
Background:
Please see that attached Planning Commission Staff report, conditions survey and the urban renewal plan for background information rela...
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