The City of Castle Pines is asking businesses and property owners to share ideas for physical improvements to the Village Square business area. 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 Castle Pines Urban Renewal Authority (CPURA) is asking business and property owners in the community to get creative with ideas for beautification, increased accessibility, and other improvements that will make the area better for business
CPURA will utilize tax increment financing to reinvest existing taxes into the Village Square area. The effort will focus on helping private sector investors who want to enhance their properties with improvements to existing infrastructure, incentivize top-tier and intentional development, and add to the sense of community in Castle Pines.
“The City of Castle Pines understands the costs of improving buildings and businesses can be a burden. We want to be a partner for our property and business owners who have great ideas but need a little support to make them happen,” said Castle Pines City Manager Michael Penny. “This is a great opportunity for the Village Square community to come together, get creative, and add to the vibrancy and sense of community in a primary commercial area.”
The City is pleased to partner with our private sector property and business owners in creating a vibrant and dynamic community hub. To stay in touch with progress in the CPURA Village Square project, visit the Castle Pines Urban Renewal Authority information webpage, where the City will share updates and information for our community.