The City of Castle Pines is pleased to announce the online application process to request financial assistance from the newly formed Castle Pines Urban Renewal Authority (CPURA). The City formed an urban renewal authority in 2023 to support investment in the Castle Pines Village Square area by existing businesses and property owners.
“The City of Castle Pines is honored to support our property and business owners in their desires to invest and improve the Village Square. We look forward to an improved road system and maintenance, driven by the City. We also hope to see investments by property and business owners to enhance the physical environment with beautification, increased accessibility, and other improvements that will make the area better for business.” said Michael Penny, City Manager.
CPURA will utilize tax increment financing to reinvest existing taxes into the Village Square. The effort will focus on helping private sector investors who want to enhance their properties with improvements to existing properties and infrastructure, to incentivize top-tier and intentional development, and to add to the sense of community in Castle Pines Village Square. The City invites tenants and property owners to learn more at an information session on Wednesday, October 30, at 7:30 AM at the Castle Pines Library Event Hall or virtually on Wednesday, November 6, at 6:30 p.m. More information about the information sessions can be found at CastlePinesCO.gov/CPURA.
The City is pleased to be a partner to our private sector property and business owners in creating a vibrant and dynamic community hub. For more information on the CPURA Village Square project, visit the CastlePinesCO.gov/CPURA.