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The first bill on Monday was Bill 22-1628, which set five separate metro districts on the land. Metro districts are a financing tool used by developers to build out the needed infrastructure when creating a development. Metro Districts are governed by State law.
Many people have concerns about the resulting property taxes associated with Metro Districts, and I share those; however, this is a State issue that must be taken up by the State Legislature.
I voted YES on approving the Metro Districts because the Park Hill Golf Course is a private development owned by a private developer, and I do not believe it is City Council's role to interfere in how a private development is financed. For context, the Lowry neighborhood was developed using Metro Districts.
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