City of Durango details big plans for north downtown area

City of Durango details big plans for north downtown area

New special district would provide financing to build attainable multi-family housing
The city of Durango is considering creating a MidTown urban renewal authority to boost redevelopment on the north end of downtown. It could conservatively generate up to $10.3 million over a 25-year period to devote to attainable housing in the area.
The Durango City Council still needs to approve creation of the MidTown URA, and city staff members expect to bring a resolution to councilors in late March or April for their approval to formerly create the MidTown URA.
The creation of the MidTown URA could be used to legally protect Buckley Park, which is part of the 9-R administrative campus, from development.

City of Durango details big plans for north downtown area

The city of Durango is considering creating a MidTown urban renewal authority to boost redevelopment on the north end of downtown. It could conservatively generate up to $10.3 million over a 25-year period to devote to attainable housing in the area.
The Durango City Council still needs to approve creation of the MidTown URA, and city staff members expect to bring a resolution to councilors in late March or April for their approval to formerly create the MidTown URA.
The creation of the MidTown URA could be used to legally protect Buckley Park, which is part of the 9-R administrative campus, from development.
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