On February 2, 2025, the city of Denver began accepting early applications for consideration to receive an allocation from a voter-approved $570 million tax increment financing (TIF) fund. Local voters in Denver, Colorado passed Measure 6A in late 2024, approving this material investment to catalyze downtown revitalization. While applications are not yet open to receive allocation from the TIF fund, this is a unique opportunity to have input into the final fund’s use and bring forth potentially nontraditional projects that advance the goals outlined in Denver’s Downtown Development Authority (DDDA) Plan of Development. Areas of particular interest include housing, mixed-use development, entertainment/tourism, and retail.
Categories of investment outlined in the aforementioned plan include:
- Private Investment Opportunities:
- New Development/Adaptive Reuse
- Projects that revitalize underused and underperforming properties, lots, and structures into dynamic, functional spaces.
- Livability, Economic Opportunity, and Jobs
- Projects that drive economic growth and create jobs both directly or indirectly, on various scales—from capital investments making Downtown Denver a more appealing and amenity-rich neighborhood (including retail improvements) and workplace to major new development.
- Arts, Culture, and Activation
- Projects such as art/cultural venues and facilities that create new spaces for creative professionals to work and live.
- New Development/Adaptive Reuse
- Supported Complementary Public Investment:
- Connectivity and Mobility
- Parks and Public Space
In addition to passing measure 6A, the DDDA’s boundaries were expanded (detailed in the latest map), offering extended opportunity for tax benefits and incentives for developers and investors. The DDDA will also entertain petitions to expand boundaries for well-aligned projects poised to have a positive impact on Denver’s downtown core.
This is a prime time for investors to explore potential ventures in downtown Denver, leveraging financial incentives obtained and managed by Ryan’s experienced staff. Our dedicated Credits and Incentives team looks forward to leading Ryan clients through this process, ensuring they maximize their returns while participating in the transformative growth of Denver’s center city.
Why Ryan?
Ryan excels in helping companies navigate complex tax incentive programs, specializing in negotiated packages. With extensive national experience in securing cost savings for our clients, the Ryan Credits and Incentives team can maximize your program benefits while simplifying the application process. We specialize in tax incentive consulting, ensuring businesses maximize their investment value while staying compliant with program requirements. Our team is ready to guide you through the entire process—from initial application to securing benefits.
Get in Touch with Our Experts Today
If your business wants to learn more about this program or explore other national tax initiatives that can drive growth, connect with Ryan’s experienced professionals.
TECHNICAL INFORMATION CONTACTS:
Melissa Munoz
Principal
Ryan
505.312.4665
melissa.munoz@ryan.com
Savannah Jermance
Director
Ryan
505.312.4411
savannah.jermance@ryan.com
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.