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Loveland Downtown Partnership Home Page

More About DDA

Downtown District Voter Eligibility Information:

On November 7, 2017, the City of Loveland will participate in the Larimer County election. In addition to other municipal matters including City Council and Mayoral elections, the City will place a question on the ballot providing for the DDA to issue bonds to finance costs of downtown development and redevelopment projects

Affidavit for DDA Qualified Voter and Information  Click Here


What is the Downtown Development Authority?

The Downtown Development Authority (DDA) is a statutorily created authority, approved by the voters in February 2015, and authorized by the City of Loveland in April 2015, for the purpose of halting, preventing, and correcting deterioration within the geographic boundaries identified as the District, and to create and implement development plans for the District, utilizing tax increment financing (TIF) for the completion of authorized projects that are part of a comprehensive DDA development plan – the Plan of Development. 

The vision of the DDA is to establish a downtown that is healthy, viable, and economically sound for the future.   Click here to go to the organizing document.

What is the Mission of the DDA?

The Mission of the Loveland, Colorado DDA is “to strengthen, develop and promote the economic well-being, safety and vitality of the Downtown District.  As a self-governing agency of the City, the DDA facilitates, plans and executes development and capital improvement projects.  We commit to fulfill our mission collaboratively, ethically and professionally, while preserving the unique and historic character of the District.”

What is the DDA’s Plan of Development?

 Plan of Development Click Here 

 Plan of Development Cost Summary 2017  Click Here 

Plan of Development project list Click Here 

What is a Tax Increment Financing (TIF) Plan?

Tax Increment Financing (TIF) is a tool utilized by municipalities throughout the country to finance public improvements in identified areas of need, known as redevelopment districts or DDA’s.  TIF can be implemented through the creation of a Downtown Development Authority (DDA). 

A DDA can provide public amenities that encourage and facilitate corresponding “new development” within an approved geographic district.  For example, a DDA might use funds 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.

How does TIF work?

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 go to the DDA. 

For example, 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 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 plan can dedicate sales tax revenues above the base year revenues to the DDA. 
 
The following graph generally depicts how TIF revenues are captured by the DDA:

Tax Increment Financing
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.


DDA Successes in Other Communities

Whether you see them as a model Loveland hopes to follow or not, a variety of communities in Colorado have seen significant improvements driven in their downtowns thanks to the work of their respective DDAs.

In addition to the clear successes that Loveland had with its prior DDA, these DDAs have all proven successful to some extent and have done so with the active engagement and participation by and partnership with local government, businesses, and residents. Their challenges (recent Grand Junction events in particular) also provide important context and education.

Click here to open a .pdf with more detailed information!


Meal's On 4th

Meal's on Wheel's 50th Anniversary Signature Fundraising Event

Wednesday, June 13th 5:30 pm- 9:30 pm

This farm-to-table style event is our principal fundraiser for the year. It's a casually elegant dinner served under the lights in the heart of downtown Loveland. Local chefs will prepare a delicious multi-course meal, and we'll have live entertainment playing softly in the background. Local brews and wines will be served. All ticketed guests receive two drink tickets, a beautiful commemorative gift and the opportunity to mix and mingle while raising awareness and funds for Meals on Wheels of Loveland and Berthoud. A little piece of heaven on earth!

Tickets can be Purchased Here

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This Saturday- Join us for the Plein Air Event as part of the Governor's Art Show

 “En Plein Air”, a French term that translates to “in the open air”, describes paintings that will be created throughout downtown Loveland and will be followed by a live auction of the finished pieces at the Rialto Theatre located at 228 E. 4th Street. This event is open to the public.  A great opportunity to see the work live as it's being created!!


 

“People of Loveland” - Animal Edition.
Meet Bob.
Age: 8
Breed: Pound Puppy / Dork
Occupation: Cosmic Dog Greeter

“We have a deal. He makes me laugh, and I feed him,” said Cosmic Dogowner Jessie. 
I adopted Bob from the Weld County Humane Society after I saw him on Petfinder.com
He was found wearing a collar, and his name was Kingston. When the humane society called the owners, they said “keep him.”
He was approximately 18 months old... and I could totally see why the previous owners told the humane society to keep him! After I adopted him, Bob would always run away between the railroad tracks and the canal by where I live. Luckily, the homeless people in downtown Loveland knew Bob, and would always bring him back home.
Bob is the greeter at my store, and my taste tester for the treats. 
Cosmic Dog has been open for almost 6 years, and Bob has been here the whole time.
Bob is a customer favorite, and I’m chopped liver. People always remembers Bob’s name before mine. (Laughing)
After school when the Bill Reed Middle School kids walk home, Bob always has his head out the door and all you hear is “Hi Bob!” “Hey Bob!” “Bob!”

 

“People of Loveland”

 Meet Mayor Jacki.

“I’m mailing my packages out at the post office, and then I’m walking down to City Hall where I pick up my mail and newspapers. I’m out to get my vitamin D quota for the day. 
Loveland is gorgeous today! 
I’m really looking forward to Memorial Day weekend!”


 People of Loveland”

Police Week Edition.
Police Week is May 13th -19th.

Meet Jojo.“Jojo is the Explosive Detection K-9 with the Loveland Police K-9 Unit within the Loveland Police Department. Aside from Jojo’s normal patrol work, she also works with the Northern Colorado Bomb Squad, Larimer County Sheriff's Office and Fort Collins Police Services.Jojo is also a search and rescue dog who is trained to find missing children and at risk adults. Jojo is a ‘find and lick’ and not a ‘find and bite’ K-9” 
said Loveland Community Service Officer and K-9 Handler Travis Tebbe.

rEVOLVE: The Art of Cycling:
May 18 – August 31, 2018
Loveland Museum Lobby
Public Reception: Friday, June 8, 6 – 8 pm
White Rhino Customs, located in Denver, Colorado, is a place where art and lifestyle intersect. Founder, Ian Houghton, and his team have collaborated with incredible local artists to design and build some of the most jaw-dropping bikes available to date.

Through the rEVOLVE: Art of Cycling series, White Rhino not only hopes to recognize and promote amazing local talent, but also aims to introduce an unparalleled aesthetic that has been missing from the cycling industry. They strive to revolutionize cycling culture through blending innovative fabrication, customized creation and artistic sensibility. The White Rhino team builds custom bikes as unique as the person riding them.

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"Out of Darkness"
The Independence Gallery will be featuring event for the month of June - The wonderful and mysterious images from the dark. Painting & photography by Independence Gallery artists, Gary Lengyel, Rae Ann M. Garrett, Billie J. Colson, David Newton.

You can visit their Facebook Event HERE


 

Downtown Development Authority Welcomes New Members to their Board

The Downtown Development Authority will be welcoming two new board members at their monthly meeting on Monday, June 11, 2018.   The board members appointments will officially begin on July 1, 2018 and they will serve 4 year terms.   Kim Bernhardt- the owner of QPS- Quick Print Shop, and Cheri Waneka a business owner of Actian Corporation, both within the district. 

Let's Talk Broadband! 

The City of Loveland is considering bringing municipal broadband Internet service to the community. What is it and what do you need to know? Come by and meet with us at Night on the Town Friday, June 8th to learn more about the project and ask your questions!

Patina Flats at The Foundry is now open and taking tours!

Living spaces at Patina Flats at The Foundry are thoughtfully designed with comfort and convenience in mind, and are stylishly appointed with the kind of premium materials and finishes you won’t find in any other apartments for rent in Loveland. Our Lincoln building is set to open in August 2018, and the Cleveland building is set to open in October 2018!

Our community amenities feature a 24-hour fully equipped fitness center, an executive lounge with a pool table and rooftop patio, a lobby and lounge space, and much more! Patina Flats will also have an on-site hotel and movie theatre, a central plaza for entertainment, and first floor restaurants and retail!   

The apartments offer open and modern floorplans with high-end finishes that make Patina Flats at The Foundry the most desirable new apartments in Loveland, Colorado. Studio, 1-bedroom, 2-bedroom and 3-bedroom urban living units fill the upper floors while retail, restaurants, and creative offices fill the first floor to give residents the convenience of urban living right in the heart of the Sweetheart City!

Stop by our office located at 320 N. Cleveland Avenue; contact us at 970-672-1013 or email us here to set up a tour today! We look forward to speaking with you!


 

350 N Cleveland Ave Loveland, Colorado 80537   |   970.541.4333

Office Hours: Monday - Friday, 9:00 AM - 5:00 PM