How long does urban renewal last?

The Colorado Urban Renewal Law authorizes tax increment financing (TIF) for 25 years. The TIF revenue starts collecting for the defined area when the urban renewal plan is formally adopted. While the TIF will expire after 25 years, the Urban Renewal Authority may continue to use funds and remediate blight within the urban renewal area for as long as funds are available.

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1. About LURA
2. What is urban renewal?
3. What is "blight"?
4. What is Tax Increment Financing?
5. What is LURA's role in the community?
6. Why is urban renewal important?
7. What financing is available through LURA?
8. Does being in an urban renewal area affect my property tax or property value?
9. Why would I, a property/business owner, want to be included in an urban renewal area? What will the urban renewal plan do for me?
10. Does LURA only work on redevelopment and demolition projects?
11. How long does urban renewal last?
12. How can I get in contact?