Created in 1981, the Downtown Development Authority uses tax increment financing to stimulate redevelopment in the central business district. The Authority focuses on projects that have benefit for the entire community. It uses its financial resources to directly leverage private investment.
Typically the DDA will partner with a developer, business owner, or property owner in a manner that “induces” a private investment in real estate improvements. The DDA’s participation in such public-private partnerships ranges from a few thousand dollars to investments in excess of $5 million.
The DDA district includes roughly 783 acres and is divided into some very distinct neighborhoods. The old city center at the intersection of College and Mountain includes most of the historic building stock and is characterized by two- and three-story structures. To the north and east and along the banks of the Poudre River the character becomes somewhat more industrial but also includes restaurants and office buildings. Banks, professional offices and government buildings are located west of the core area.