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Posted on: April 19, 2018

2017 LURA Annual Report

2017 LURA Annual Report

The mission of the Lafayette Urban Renewal Authority (LURA) is to encourage revitalization and redevelopment in the Old Town Urban Renewal and the South Boulder Road Urban Renewal Areas by working in partnership with property owners to improve existing structures, fostering new development, and preventing deterioration of properties within the urban renewal areas.

The Urban Renewal authority achieved great successes in 2017.  Nearly $500,000 in investment occurred within the Old Town Urban Renewal Area.  This investment, along with the improving east Boulder County/North Metro Denver economy, resulted in a substantial increase in property and sales tax collections.  In 2017, the Authority invested in two additional parking lots, new patios on Public Road, public art, Art Night Out, and sought proposals for a streetscape design for the “front porch”.

Sales tax collection in the urban renewal district increased 67% from 2016 to 2017 due in part to new businesses such as Black Diamond Restaurant and Taphouse, William Oliver’s Publick House, Just Dandy, Ras Kassa’s Ethiopian Restaurant, Stam Chocolaterie, and Deli-Cious Z’s.  2018 is expected to see an increase in sales tax from 2017 with the opening of 12 Point Distillers and Tangerine, and the rebranding of Baseline Italian Bistro to Mon Cheri Bakery and Bistro.

Additional details and information can be found in the full 2017 LURA Annual Report.

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