| Castle Pines North may "blight" area slated for development days before law would ban doing so |
The Denver Post
April 23, 2010, Carlos Illescas
Castle Pines North might declare 3,300 acres of land slated for commercial and residential development "blighted" just days before a state law kicks in that would probably prevent the city from doing so.
House Bill 1107 becomes law June 1. With a few exceptions, it would prevent local governments from using urban-renewal authority to declare agricultural land blighted in order to create a tax increment financing district.
Tax increment financing districts allow towns and cities to fund improvements made by developers through special property taxes.
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http://www.denverpost.com/ci_14941362