Renewal Wheat Ridge (Urban Renewal Authority)

Meetings


  • 6:00 pm
  • First and Third Tuesday of each month / as needed
  • Wheat Ridge City Hall Council Chambers

Agendas and Minutes


Agendas are available prior to the meetings.
Most Recent Agenda | View All
   
Minutes are also available following approval.
Most Recent Minutes | View All

Members


Members are appointed by the Mayor and ratified by City Council.

Renewal Wheat Ridge Successes


Wheat Ridge Cyclery

Renewal Wheat Ridge assisted in the expansion of Colorado’s premier bicycle shop. Total Tax Increment: $264,180 (fully repaid in 2013) Private investment: $2,000,000. Cost to taxpayers: $0

 

Perrin’s Row

Renewal Wheat Ridge assisted in the development of 26 new townhomes along the Ridge at 38. Total Tax Increment: $467,000. Cost to taxpayers: $0

 

Kipling Ridge Shopping Center

Renewal Wheat Ridge provided assistance for public infrastructure. Total Tax Increment: $2,000,000. Cost to taxpayers: $0

 

Town Center North

Renewal Wheat Ridge purchased land that housed a contaminated transmission shop, Antiques shop and closed retail. Renewal Wheat Ridge cleaned the site, created a subdivision, completed all the infrastructure, found a developer and created 188 new affordable apartments for active adults. Total project cost including land purchase and land sale: $3,900,000. Private investment: $30,000,000. Cost to taxpayers: $0


Renewal Wheat Ridge Active Projects


The Corners at Wheat Ridge

Renewal Wheat Ridge participated in the development at Wheat Ridges’ most highly visible corner at the southwest corner of Wadsworth Boulevard and West 38th Avenue. The previous GoFord site had been closed for almost 10-years when Renewal Wheat Ridge assisted the developer in funding a portion of the public infrastructure. Site will contain a 35,000 sq. ft. Lucky’s Market, up to 45,000 sq. ft. of additional shopping opportunities, and 230 market-rate apartments. Total Tax Increment: $6,200,000. Private investment: $85,000,000. Cost to taxpayers: $0

 

West End 38

Renewal Wheat Ridge will participate in the development of up to 150 new market-rate apartments and up to 8,000 sq. ft. of retail along west 38th Avenue at Upham Street. Total Tax Increment: $2,400,000. Private investment: $30,000,000. Cost to taxpayers: $0

 

Traffic Signal at 32nd Avenue and Xenon Street

Renewal Wheat Ridge will participate in a portion of the funding of a traffic signal at 32nd Avenue and Xenon Street exiting the Applewood Shopping Center. Total Investment: $110,000. Private investment: $85,000. Cost to taxpayers: app. $100,000 from City general fund

 

Overview


Renewal Wheat Ridge is authorized by State Statute C.R.S. § 31-25-101, et. seq., created by the City Council, and granted authority under the Urban Renewal Law "except as may be limited, constrained, or proscribed by any approved and adopted Urban Renewal Plan" (Code of Laws, Chapter 25, Article II, Section 25-22).

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