Arvadans For Progressive Action
APA MONTHLY MEETING: EDUCATION June 2nd
1st United Church of Arvada, 7195 Simms St., 4:00 P
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VIEW APA CLIMATE REALITY PRESENTATION CLICK HERE
TRASH TALK: A NEW LOOK AT COST SAVINGS AND RECYCLING CLICK HERE
Arvada Council Completes Giveaway to Texas Developer
On March 19 Arvada city council voted 6-1 to approve Texas developer Trammell Crowe’s revised plans for mixed-use development of 8 acres in Olde Town valued at $6 million but acquired from the city for $30.
That’s right: a $6 million parcel for $30!
Arvada AURA also granted Trammell Crowe 17 years of Tax Increment Financing (TIFs), which means that Arvada will not see any increases in property or sales tax revenue from the property for 17 years.
That lost tax revenue could have repaired our decrepit roads, helped our schools, and funded our police and fire departments.
Also on March 19, the council voted 6-1 to exempt Trammell Crowe from height restrictions for the project (nearly double the city’s limit). This exemption will likely ruin beautiful front-range views from some existing structures in Olde Town.
Finally, the Trammell Crowe project included no affordable housing options.
Please contact your city council members and express your dissatisfaction with this giveaway, and express some praise to Nancy Ford of District 1, the only council member who stood up for Arvada residents and taxpayers, not Texas developers. Council Member Ford opposed the project because she did not believe it would fit Olde Town’s identity. What were the other 6 thinking??
Compliments to Nancy Ford! Thumbs down for the other 6 members.
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