Archive for the ‘Downtown District Loveland Colorado’ Category

Methods of Financing

September 14th, 2017 by Downtown District

Another important element of the DDA Plan of Development is the allowable methods of financing.  State law allows DDAs to impose a property tax levy, not to exceed five mills, however, revenue generated from the property tax may only be used for maintenance and operations within the Plan area.  In addition, the law authorizes tax increment financing (TIF) from both or either property or sales tax as a means of repaying financial obligations.   TIFs are a tool utilized by municipalities throughout the country to finance public improvements in identified areas of need, known as redevelopment districts or DDA’s.

A DDA can provide public amenities that encourage and facilitate corresponding “new development” within an approved geographic district and may use TIFs generated from a new development or a redevelopment to participate in the financing for new streetscapes, plazas, sidewalks, streets or simply to improve traffic/pedestrian circulation that would help to make the new development possible.

A DDA can also provide assistance to existing property owners who might want to rehabilitate or expand their property.  An example of this might be a façade improvement reimbursement program.  This financing tool is not new and has been utilized around the country for decades to help fund public improvements and encourage redevelopment.

Property Tax. Once a DDA is established and a Plan of Development is adopted, the property tax base for the district is frozen.  This means that after the date of the plan adoption, the assessed value to which the mill levy for the City, the school district, the county and other taxing jurisdictions would be the same each year thereafter with adjustment only for general reassessments (which occurs every odd year).

For example, if the assessed value in a DDA is $1 million on the date of plan adoption, then the mill levy for each of the overlapping taxing jurisdictions is applied to that $1 million base assessment each year.  As the properties in the DDA begin to increase in value due to redevelopment efforts, that increase in assessed value times the combined mill levy of the overlapping taxing jurisdictions goes to the DDA.

Another way of looking at it is, if the assessed value of property in the district increases to $10 million in year 5 of the plan, the taxes derived from multiplying the combined mill levy times the $1 million base go to the overlapping taxing jurisdictions and the mill levy times the $9 million increase would go to the DDA.  So, essentially, revenues that would have ended up with the county and other entities through increases in tax revenues tied to redevelopment, stay in the City and more specifically, in the DDA.

Sales Tax.  The plan can also affect City sales tax revenue, but not state or county sales tax revenues.  The Loveland DDA Plan dedicates sales tax revenues above the base year revenues to the DDA.

Once these revenues are captured, this new stream of revenue can be utilized to pay debt service on bonds that can be issued by the City(DDA) for public improvements.  Bonding may be necessary, as it would typically take a period of time to acquire enough revenue to fund public improvements.

Lending institutes find TIF a very stable source of revenue and therefore readily lend money when secured by TIF.  Bonds are only put in place once construction of public improvements begins and assuming the DDA has the financial capacity to repay the debt.  TIF can be utilized for up to 25 years from the date of establishment.

Is TIF a new tax?

No.  No new taxes are established using TIF nor are taxes (either property tax or sales tax) increased.  The revenues produced by increased property values and increased retail sales activity are simply redistributed to benefit the DDA for public improvements in the district.

The following graph generally depicts how Property TIF revenues are captured by the DDA:

TIF Model

(Inspired by graphics from CDFA and Stephen Friedman.) ULI

What is a Downtown Development Authority?

August 31st, 2017 by Downtown District

Downtown development authorities (DDAs) are state-authorized financing mechanisms designed to catalyze the revitalization and redevelopment of the physical components of a downtown.

The most important goal of a DDA is to halt property value deterioration, increase property tax valuations, work toward eliminating the causes of deterioration, promote economic growth, and create and provide for the general operation and maintenance of the physical DDA assets.

Is there a strategy for improvements in the downtown?

Simply, yes.  A Plan of Development (Plan) is a critical first step, and one required by state law, in the long-range master planning efforts for the downtown.

A Plan of Development recognizes the needs of the downtown and is essentially a “plan” for potential projects in the downtown over the next 30-50 year. D[RE]evelopment, infrastructure (including water, sewer, electric, streets, sidewalk, curb and gutter, beautification), and other projects are conceptual and the Plan is not limited to those projects identified, alone. As things have changed in the downtown throughout its rich history, things will continue to change into the future and the work that’s done today will continue speaking for that same rich history in the downtown as the City’s heart and soul.

Plan Elements

The Plan, recently approved by City Council, identifies the physical boundaries of the DDA, and the state law provides that residents, property owners and business entities within that boundary have the potential to be benefitted by the enhanced investment and/or may also be impacted by an additional property tax for maintenance and operations, and therefore these parties have the most vested in the decision making – and, for that reason are identified as the voters of the District.

DDA Mission and Objectives

There is a wide-ranging set of objectives identified in the Plan, but the primary focus of a DDA is to promote the safety, prosperity, security and general welfare of the downtown and to improve and sustain the economic vitality. The DDA is one of many strategies to be implemented that will help to not only rebuild the physical downtown, but give it economic life for years to come.  A heathy downtown provides the motivation for additional private investment, and a healthy downtown will eventually bring prosperity to the entire community.

Why Invest in Loveland's Downtown?

August 22nd, 2017 by Downtown District

No matter how you look at it, the history of downtown alone screams “gosh this is cool – just imagine what’s happened downtown over the past hundred or more years”.  Downtowns throughout the country represent the image and character of a community.  They are iconic and commanding symbols, typically comprised of historic landmarks and buildings, unique and distinguishing features, and unique neighborhoods. Our downtown is the core, the heart, and the soul of the Loveland community.

Revitalization – building upon what we have today – is challenging and our history alone (building remnants of the past) is an asset, but it also becomes one of the many hurdles we have to overcome. Loveland’s downtown is filled with a new resurgence and energy – there’s a focus on business creativity, we’ve seen how neighborhood activism plays a part, and we offer a diverse economy, one that’s building into providing attraction for residents, visitors, seniors, families, and those that have the luxury of both living and working in the downtown.

The City of Loveland has recently played a brave and significant role in kick-starting major public-private investments in the downtown.  New development and redevelopment projects, along with critical updates to the downtown infrastructure (parking garage, utilities, streets, sidewalks, etc.) will play an important role in not only rebuilding the physical downtown, but also the downtown as a more cultural and civic hub.  That public reinvestment in the downtown is providing the impetus for additional private investment, and is encouraging the continuing economic growth of center core of the city, and prosperity to the community at large.

Night on the Town Remains Community Tradition

May 9th, 2017 by Downtown District

Night on the Town LogoFor more than 12 years, Night on the Town has been a monthly community tradition, celebrating downtown Loveland’s rich art scene and its historic district.

Loveland’s first Night on the Town was held in May of 2005, a result of the thought and planning of Loveland artist Billie Colson. It was intended to bring people downtown and showcase all there is to see and do in the area while offering artists a chance to show off their work and perform live demonstrations. Since then the tradition has expanded to include even more family-friendly entertainment and dining, unique shopping, art exhibits and gallery receptions, and local micro-breweries.

Billie partnered with another artist, Carl Kuntz, whose painting “A Night on the Town” became the logo for the event. May 12th marks the unveiling of a brand-new logo by John Metcalf of Perfect Square.

“We’re starting to see a lot of energy among our downtown businesses, including a commitment to Friday Night on the Town with its fresh new look, expanded business hours, and entertainment.” – Jacque Wedding-Scott, Executive Director of the Loveland Downtown District.

With retailers, restaurants and artists all participating, community tradition in a vibrant downtown setting remains strong today. Join us this Friday, May 12th, along with every second Friday, from 5 - 9 pm to experience downtown Loveland and enjoy a Night on the Town!

Don’t miss in May:

  • The Governor’s Art Show is offering free admission from 6 - 9 pm during Night on the Town at the Loveland Museum. See the juried collection of outstanding works exclusively by Colorado artists.
  • Mother’s Day is May 14th, so all of you last minute shoppers can find the perfect gift for Mom while supporting local businesses.
  • Bloom’n Hearts of Downtown, sponsored by friends and businesses in the Downtown District, will showcase its beautiful planters and hanging baskets of fresh blooming May flowers.
  • Explore the downtown streets, enjoy pedestrian chalk works, and find other art throughout the historic district.
  • Jump into one of two TadPole Pedicabs, sponsored by Studio Vino, which will be transporting attendees from two locations – the Foote Lagoon parking lot and Lola’s Fresh Patina parking lot. They make it easy to get to the heart of the action!

Share your photos from Night on the Town using #LoveNightontheTown and tag the Loveland Downtown Partnership on Facebook, Instagram and Twitter.


February 14th, 2017 by Jacque Wedding-Scott


Conceptual Illustration - The Foundry - Loveland Colorado







The meeting listed in this 2/14/17 post has subsequently been CANCELLED.
Post updated 2/20/17

The City’s Development Services office will be posting signs on The Foundry site beginning this Friday (2/17/17) to notice the Planning Commission meeting on February 27th at 6:30 in the Council Chambers.

The Planning Commission’s review is a technical review to determine if the site plan is in compliance with the provisions of the Downtown BE zoning district.  The review occurs in a public meeting setting, not as a public hearing, however it is anticipated they will accept public comment.

If you are unable to attend the Planning Commission meeting and would like more project information, please feel free to either stop by our office and take a look at our project boards, or give me a call @ 970-744.4796.

Hope to see you there!


SHOP Downtown

November 23rd, 2016 by Jennifer Poplaski

Downtown Loveland is becoming a destination in Northern Colorado for shopping, dining, and brewery hopping! With more to offer than ever before, you can spend an afternoon strolling through locally owned retail stores. The next time you want to enjoy a day out & about, stop by Downtown
Loveland! Your shopping experience awaits you! Click the link and learn about the great shopping opportunities in Downtown Loveland... shopdowntownloveland

Loveland Artist Lyse Dzija's Loveland Art Tour Studio sponsored by LDP|DDA

October 3rd, 2016 by Jacque Wedding-Scott
Smith Rock Quartet by Lyse Dzija

Smith Rock Quartet by Lyse Dzija

The LDP|DDA downtown office looks marvelous with these 4 colorful pieces by Lyse Dzija. We are happy to be a Studio Sponsor for her for the upcoming Loveland Art Studio Tour (LAST). We enjoy seeing these canyon-inspired paintings every day.

Lyse Dzija spends time in the wilderness.
Of these experiences she says,

“... I realize its subtle effects on feelings which evolve with every visit, place and season. I am captured by the paradox of strength and delicacy, and opposition of color found in every ordinary event. Nature dictates my style, mood, medium, and composition, and my paintings reflect this diversity.

We hope you'll stop by to speak with Lyse and see her work!

Loveland Art Studio Tour
October 8 – 9  &  October 15 – 16, 10am – 4pm

Works of art will also be for sale

Smith Rock Quartet by Lyse Dzija

Smith Rock Quartet by Lyse Dzija

Special thanks to Loveland's Artists and also Billie J. Colson (painter) and Carolyn Pearce (potter), Studio Tour Managers

Great location enables LDP|DDA to be a LAST Studio Sponsor

September 23rd, 2016 by Jacque Wedding-Scott

One of the great things the LDP|DDA having office space downtown, is being able to be a Studio Sponsor for an artist on the Loveland Art Studio Tour. We are excited about giving the public direct and easy access to Lyse Dzija and her work.

We love the way her spectacular “Black Lake Meditation” feels in our office space. We will be thrilled to have people stop by to meet Lyse and see her paintings up close. She will have multiple pieces on display here in our office during the Loveland Art Studio Tour.

“Black Lake Meditation” by Lyse Dzija

“Black Lake Meditation” by Lyse Dzija

Of her own work, Lyse Dzija says, “No landscape is ever empty, even the most desolate.”

She mentions on her website about landscape paintings being subject to a wide range of interpretations, especially those that simply present the subject without attaching a popular interpretation. Lyse says when she talks to people about her work, she finds they often read a great deal of meaning into her landscapes. Sometimes these meanings are beyond or even in direct opposition to her own opinions or feelings about any particular piece.

Loveland Art Studio Tour
October 8 – 9  &  October 15 – 16, 10am – 4pm
Works of art will also be for sale

Special thanks to Loveland's Artists and also Billie J. Colson (painter) and Carolyn Pearce (potter), Studio Tour Managers.

LDP|DDA & City - Downtown Maintenance Projects

September 2nd, 2016 by Jacque Wedding-Scott

The LDP|DDA and the City are partnering on downtown maintenance projects:

  • clearing debris from under and around trash cans
  • relining and painting trash cans
  • marked and sanded sidewalk trip hazards on sidewalks in the core area
  • 4th Street is being cleaned gutter-to-gutter

The City of Loveland's crews have a full slate all the time, especially so during summer, endeavoring to keep ahead of winter weather and make necessary repairs and complete projects before it hits. Tourism, events and festivals add to their work load..

Even modest improvements make visitors feel welcome and safe. I have confidence this sort of 'good downtown hygiene' will make a difference. It is part of the Downtown District's ongoing effort to enhance our downtown's appeal.

City departments will be working with the Downtown District to confirm needs and prioritize upcoming work plans.


The Downtown District's mission is “ ... To create a vibrant Downtown that provides a safe, dynamic environment to gather, live, educate, shop, work and play.”

With an office located downtown, the Downtown District brings the separate entities of the Loveland Downtown Partnership and the Downtown Development Authority into a cohesive, dynamic and easily accessible collaboration. The Downtown District focuses on bringing to fruition the establishment and ongoing support of an economically vibrant residential and business community in Loveland's downtown.



Disruptive Behaviors

July 5th, 2016 by Jacque Wedding-Scott

DisruptiveBehaviors-SpeechBubbleThe presentation at the June Business Breakfast, an invitation-only monthly event sponsored by the Loveland Downtown Partnership (LDP), focused on disruptive behaviors. Speaker Jake Adler (City of Loveland) proposed, "Frame the conversation as 'disruptive behaviors' instead of 'problems with the homeless' around your peers and your staff."

Business owners joined in an animated discussion with Loveland's new chief of police Bob Ticer regarding the issues Jake Adler presented. This was the third in a series of discussions at these monthly business breakfasts.

Collaborative efforts to understand the scope and magnitude of disruptive behaviors downtown brought many concepts to the forefront.

Resources for business owners are posted on the website here under "LDP Resources for Business Owners."