Opinion: Does a Downtown Development Authority make sense for Boulder?
The Boulder City Council is considering forming a Downtown Development Authority (DDA). This entity would be run by downtown property owners and have the power to use tax-increment financing (TIF) to fund improvements in downtown. The theory is that the DDA’s improvements would increase property and/or sales tax from this area, so it should be able to collect this increment to finance public improvements. The DDA’s board would make the decisions within the limits of Boulder’s zoning and other regulations, and state law. DDA’s are potentially useful in areas where there is a lot of development potential and attendant public infrastructure needs. But that is not the case in Boulder, where our downtown is mostly built out, and whose business success is more a function of the quality of the experience of residents, tourists and employees who come there but live outside of this area. A significant concern is that what the downtown property owners want may not be what the rest of Boulder...