Quick Links
Project Criteria
Additional project evaluation criteria:
- Inclusion of housing, with additional consideration given to workforce and affordable housing
- Inclusion of capital investment to initiate market rate development in heavily blighted areas
- Improvement and/or enhancement of public realm aesthetics and/or function
- Improvement of aesthetics visible from public realm
- Enhancement of connectivity and/or access to existing development
- Incorporation of publicly accessible parks, plazas, open space, and/or trails (may be publicly or privately owned)
- Inclusion of iconic architecture and/or high-quality materials
- Retention of jobs and/or creation of new jobs
- Integration of public art
- Inclusion of environmental clean-up and/or green infrastructure best practices
Programs
- Weidner Field
- City Gate 2.0 URA
- Ivywild School
- Ivywild School
- South Nevada URA Creek Walk
- South Nevada URA Creek Walk
Acquisition and Remediation of Blighted Properties
1.
Overview:
A fund to proactively take the lead in positioning blighted properties for redevelopment; CSURA would identify, acquire, clear, and market distressed and blighted properties for redevelopment. Monies from the fund could be used to:
a. Purchase property;
b. Demolish structures;
c. Provide loans or grants to property owners;
d. Establish public-private partnerships for redevelopment; and
e. Form URAs and establish TIF revenue stream.
2.
3.
4.
Stabilization Revolving Loan Fund and/or Grants
1.
2.
To provide homeowner assistance for rehabilitation, elements that extend lifecycle (i.e., foundation repair, roofs), preservation of affordability, as well as small business owner assistance for façade improvements, historic preservation, building expansion, signage, etc.
3.
Neighborhood stabilization programs can make significant strides in retaining existing housing stock and deterring significant redevelopment within existing neighborhoods. Such a program can also help individuals, families, and other households stay in place, but it should be noted that voluntary displacement (i.e., homeowners choosing to sell their improved properties) is a common occurrence and can contribute to a degree of gentrification.
4.
Design Workshop
1.
2.
Intent:
Provide a range of programming to advance and promote high quality design and design thinking in Colorado Springs, including:
3.
4.
Funding To Support Partner Organizations
1.
2.
Intent:
Offer donations and sponsorships for community events and programs that align with the CSURA Strategic Plan, promote goodwill with the community, and extend the reach of the organization without the need for additional staff or board resources.
3.
Key Considerations:
Requests for sponsorships and donations are sometimes made with long lead times but frequently come just weeks or months before a program or event. Evaluating individual requests can be challenging without knowing what other asks will be coming the rest of the year.
4.
Future URA Opportunities
- Union Printer Home URA
- Gold Hill Mesa Commercial URA
- Union Printer Home URA
- City Auditorium Block URA
Opportunity Typologies
- Old retail shopping centers and strip retail
- Commercial properties with large and underutilized parking lots
- Commercial buildings built prior to 1970
- Apartment buildings built prior to 1970
- Buildings with over 50% vacancy
- Properties with high numbers of service calls and safety concerns
- Brownfield sites
Opportunity Typologies Examples
- Dated shopping centers on aging arterial streets
- Largely vacant office buildings that need to be repositioned
- Tired properties that represent a concentration of blight
- Major redevelopments requiring additional capital
Opportunity Map
- Figure 2. CSURA Areas of Opportunity