CSURA is led by an executive director who is governed by a 13 member board.  Nine members are appointed by the Mayor of Colorado Springs and approved by the Colorado Springs City Council. One member of City Council serves as a Commissioner on the board.  The 3 additional board members represent the taxing districts (school, special district and El Paso County) as required by HB 15-1348.

There is a staggered five-year term for each member. Authority members typically have backgrounds in the fields of real estate, development, planning, finance and community involvement. CSURA is governed by Colorado State Statutes and is independent of any budgeting entity other than their own. An annual audit is done through an independent auditing firm and an annual audit report is reviewed and approved by Authority members. The audit report is also reviewed by the Colorado Springs City Auditor and included as part of the annual report by the City.