Another developing neighborhood of Denver is exploring the potential of special taxing districts as a means to steer the conversation of progress in the area. Five Points is following the success of other neighborhoods such as RiNo, Colfax, Downtown Denver, and Cherry Creek North which each have implemented Business Improvement Districts to raise funds for infrastructure improvements, placemaking, special events, and policy making.
Such a district could bring in over $150,000 annually to the area which is seeking to redefine itself and drive positive growth and development as Denver continues evolving as a city. These funds could also be used to promote the area, attracting new businesses and residents to boost the local economy.
To read more, visit The Denver Post.