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<br /> <br /> <br /> <br /> <br />SUBJECT: EARLY RESULTS FROM ULI TECHNICAL ASSISTANCE PANEL <br /> <br />DATE: JULY 1, 2013 PAGE2 OF2 <br />A strong sense of place does not exist within Centennial Valley. The auto dominated <br />nature of the corridor limits pedestrian and bicycle transportation. The buildings are set <br />away from the streets and limits interaction between uses. There are few public spaces <br />in the area to enhance the public realm. <br /> <br />The ULI committee outlined the varying strategies of government intervention that can <br />be implemented to create change in the area. The first strategy is the “laissez faire” <br />approach and work within the existing structures and agreements. This approach would <br />have the least resistance, but may not enhance the viability for any substantive change <br />for the area. The second approach is to negotiate agreements with the existing <br />stakeholders to encourage the private sector to make the change. This approach only <br />works if all sides can agree. The third approach is government intervention by <br />exercising public powers. Change can happen quickly with this approach but can <br />create political risks and be expensive. <br /> <br />Several special districts are available in Colorado to establish to create funding streams <br />for the needed changes for an area. Those districts include: <br /> Business Improvement Districts (BID) <br /> Downtown Development Authorities (DDA) <br /> Urban Renewal Authorities (URA) <br /> General Improvement District (GID) <br /> Special Improvement District (SID) <br /> Metro Districts <br /> <br />Each district has its advantages and shortfalls, but one option may be better than others <br />depending on what the stakeholders envision can best accomplish the change. <br /> <br />RECOMMENDATION: <br />Staff would like input from the BRaD committee regarding actions the City and its <br />partners can do to improve the economic conditions for the Centennial Valley area. <br />Several questions listed below may help to form the discussion; <br /> <br />1) What challenges for the area identified by ULI would have the greatest impact if <br />they were removed? <br />2) Would additional residential development in Centennial Valley help business <br />development? <br />3) From the business perspective, what amount of governmental help is appropriate <br />for the area? <br />