The Greater Park Hill Community Inc. just sent a letter to Denver City Council opposing TIF for the proposed development. The letter reads as follows:
“By a unanimous vote of a quorum at its September meeting, the Board of Governors of Greater Park Hill Community Inc. (GPHC) formally opposes Tax Increment Financing (TIF) for the current proposed development at 9th and Colorado Boulevard by Fuqua Development, LLC.
The GPHC Board held its monthly meeting on Thursday, September 6, at the Greater Park Hill offices at 2823 Fairfax, Denver, Colorado 80220. The meeting convened at 6:30 p.m. and adjourned at 8:00 p.m.
The vote was to approve a motion for a GPHC position statement on Tax Increment Financing (TIF). Twelve Board members present, constituting a quorum, unanimously approved that GPHC would take a position of OPPOSITION to Tax Increment Financing for the project which Fuqua Development currently proposes for the site formerly occupied by the University of Colorado Health Sciences Center.
The Greater Park Hill Community Inc. strongly opposes the use of TIF for the current plans by Fuqua Development LLC and strongly encourages City Council to vote against TIF for the current plans by Fuqua Development LLC for the redevelopment at 9th and Colorado Boulevard.”