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HomeMy WebLinkAbout10.06.25 DMC PacketDOWNTOWN MANAGEMENT COMMISSION October 6, 2025 4:00-6:00 P.M. Community Vitality Department, 1500 Pearl Street, Suite #300 (The public will attend via Zoom webinar.) AGENDA I.Roll Call Secretary II.Procedural Items (5 min.)Chair A.Approval of July 2025 Meeting Minutes III.Public Participation (0-10 min.)Chair IV.Consent Agenda – Topics will not be discussed unless there are questions posed by the Commission. Please reference the consent agenda memo. V.Downtown Boulder Partnership (DBP) Update (15 min.)Bettina Swigger, DBP VI.Matters from Staff (105 min.)Staff A.Downtown Development Authority (DDA) Update (Brown) 15 min. B.Spruce and St. Julien Update (Edwards) 35 min. C.2026 Budget Recommendations and Approvals (LaBonte) 20 min. D.Garage Wayfinding (Edwards) 20 min. E.Draft Commissions Summit Agenda Review (Jones) 15 min. VII.Matters from Commissioners (10 min.)Chair VIII.Upcoming Meetings Chair A.All CV Commissions Summit Meeting: 3 p.m., Monday, October 20, 2025 B.DMC Commission Meeting: 4 p.m., Tuesday, October 28, 2025 IX.Adjourn Chair 1 Attachments: -Draft July 2025 Meeting Minutes -Special District Boards and Commissions Consent Agenda – September 2025 -Downtown Boulder Partnership Presentation -DDA Memo -Spruce and St. Julien Presentation -2026 Budget Recommendations Presentation -Garage Wayfinding Memo -All CV Commissions Summit Meeting Draft Agenda -Curbside Management Update – This item will not be discussed unless there are questions from commissioners. -Boulder Improvement District Analysis Update – This item will not be discussed unless there are questions from commissioners. Commission Members 2024 Commission Priorities UHCAMC Charter Commissioner Members 2025 DMC Priorities Staff Liaison Cris Jones, Community Vitality Director jonesc@bouldercolorado.gov Erica Dahl - Property Owner/Rep Term ends: 2029 Don Poe, Chair- Property Owner/Rep Term ends: 2026 Stephanie Trees, Vice Chair – Citizen-at- Large Term ends: 2026 Justin Kalvin - Citizen-at-Large Term ends: 2026 Andy Nathan - Property Owner/Rep Term ends: 2028 1. Facilitate the perception of safety with support for Boulder's ambassador program and for mindful policing. 2.Support Economic Vitality by advocating for the activation of underutilized space (e.g., parking lots), strong encouragement of affordability efforts, and promotion of helpful code changes. 3.Connect visitors from other areas to the Downtown area by spreading awareness of marketing efforts and wayfinding. 4.Take opportunities to communicate with other boards and align efforts to connect the various economic districts. 2 CITY OF BOULDER BOULDER, COLORADO BOARDS AND COMMISSIONS MEETING MINUTES Name of Board/Commission: Downtown Management Commission Date of Meeting: July 15, 2025 Contact Information Preparing Summary: Ellie Kennedy, (303) 441-4032 Board Members Present: Justin Kalvin, Don Poe (Chair), Erica Dahl Board Members Absent: Stephanie Trees (Vice Chair), Andy Nathan Staff Present: Cris Jones, Director of Community Vitality (CV) Matt Chasansky, CV Senior Manager of Cultural Vibrancy & District Vitality Kristine Edwards, CV Senior Manager of Operations and Maintenance Elliott LaBonte, CV Senior Manager of Business Services Reegan Brown, CV Senior Project Manager Ellie Kennedy, CV Operations Specialist Sam Bromberg, CV Senior Project Manager Melissa Mazany, CV Operations Associate Stephen Redfearn, Chief of Police, Boulder Police Department Michael Heath, Police Commander, Boulder Police Department Guests Present: Bettina Swigger, CEO, Downtown Boulder Partnership Type of Meeting: Hybrid The DMC meeting was called to order at 4:00 p.m. A quorum was present for the conduct of business. Agenda Item 1: Roll Call Ellie Kennedy, CV Operations Specialist took roll call; all commissioners were present except Stephanie Trees and Andy Nathan. Agenda Item 2: Procedural Items A.Approval of the May 2025 Meeting Minutes Justin Kalvin motioned to approve the meeting minutes as presented in the packet. Second by Erica Dahl. There was no discussion. The motion passed unanimously. Agenda Item 3: Public Participation There were no members of the public present. 3 Agenda Item 4: Consent Agenda Consent Agenda – Topics will not be discussed unless there are questions posed by the Commission. Please reference the consent agenda memo. •Don Poe asked about the Supplemental Vending Cart Program and if their were available license. Reegan Brown, CV Senior Project Manager, answered that there are two vacancies, and Dar Chocolate and an empanada cart have applied and are in review with Brian Holihan, District Vitality Specialist. Poe asked who left the program, and Brown answered she would follow up. •Poe asked about the Curbside Management Update and which commissioners will be project liaisons. Kalvin offered to volunteer as a liaison. Kennedy will reach out to Chris Hagelin in Transportation & Mobility for more information about the liaison request for commissioners. Kristine Edwards, CV Senior Manager of Operations and Maintenance, added more details about the project timeline, and Elliott LaBonte, CV Senior Manager of Business Services, added information about the curbside management project goals and tools. •Poe asked what the differences are between having the Outdoor Dining Program be a temporary program versus a permanent program, and Brown answered that making the program permanent will ensure that there is funding for the program every year. Poe asked who gets the permit fees from the program, and Brown answered Planning & Development Services receive those fees. Agenda Item 5: CAGID Visitation Report (Placer.ai) The report will not be discussed unless there are questions posed by the Commission. Please reference the packet attachment. •DMC had no questions or comments regarding the visitation report. Agenda Item 6: Boulder Police Department Update Stephen Redfearn, Chief of Police, Boulder Police Department, updated the commission about: •The June 1st terrorist attack on the mall was a large focus for the first half of the month and has resulted in additional police presence on the mall. •The person who attacked people with a chain is in custody. •The perception of safety and the actual data are often not aligned. Current data shows all crimes are down YTD. Michael (Mike) Heath, Police Commander, Boulder Police Department, updated the commission about: •Sergeant Ryan Scheevel has left the Mall Sergeant position, and Sergeant Bryan Capobianco is interim in the position. •There has been some turnover on officers, but all positions have been filled. •BPD is increasing patrols on the Pearl Street Mall overnight. •Heath explained the large number of resources used to apprehend the chain attacker. 4 Dahl asked about the response timing of the June 1st terrorist attack and how to get information more quickly. Heath answered that the mobility of the suspect delayed the response and affected the decision to call for evacuation. Poe asked about the Cop Walk event on the mall occurring July 23, 1:00 – 3:00 p.m. Heath answered that the event is meant to make discussions with police officers more accessible and connect the department with the community. Agenda Item 7: Downtown Boulder Partnership (DBP) Update Downtown Boulder Partnership CEO Bettina Swigger updated the commissioner on current DBP topics: •There was a meeting with block captains, Officer James Baddly, and local business owners to discuss topics of the downtown area. •DBP successfully moved offices. •Her team is comparing the data from the pedestrian count data to Placer.ai data. They are now tracking new numbers of businesses and the number of businesses that left. •The Welcome to the Heart of Boulder campaign was paused after the June 1st terrorist attack but is now live and successful. •Restaurants have been hit by economic issues, so DBP has created a Restaurant Task Force and a Restaurant Playbook to provide best practices for success as a restaurant in Boulder. •Swigger shared the schedule for upcoming ad campaigns. •DBP and city staff are participating in a Collaboration Panel Presentation at the Denver BID Council event. Commissioners should RSVP to Swigger. •Bands on the Bricks has upcoming events throughout July and has been successful. •The Downtown Showdown Event (formerly Office Olympics) is happening soon. •Swigger gave an update on the operations happening in the downtown area, including the Ambassador program. Kalvin asked if the trashcans on The Hill will be implemented downtown as well, and Kristine answered that the project is currently paused due to budget considerations. Agenda Item 8: Matters from Staff A.Garage Wayfinding Signage Sam Bromberg, CV Senior Project Manager, shared that the signage that directs visitors to the downtown garages needs to be updated due to changes in transportation routes. She asked the commissioners for their input on the supplied sign options. Kalvin shared that the simple, third option is too simple. He asked if the signs will be reflective as he feels it makes them stand out more. He prefers the hybrid, second option. Dahl shared she prefers the custom, first option as it’s clearer and easier to understand. Poe added that the simple, third option doesn’t give enough information about who owns the parking lot or garage. Poe added he thinks the lettering should be bigger. Bromberg shared that she can provide a budget once she has more concrete design ideas. 5 Swigger added that the custom, first option has an old logo on it that will need to be updated. The commission discussed more details about the sign options. Poe shared he prefers the branding and believes it makes the signage stand out. Kalvin shared his thoughts about not needing to advertise too much because there isn’t much competition. B.CIP Investments Update Edwards updated the commission about work done in the downtown area, including: •Tree trimming at 11th and Spruce •Maintenance and upgrades at the 1100 Spruce Garage, including heat lamps and landscaping. •Maintenance and upgrades at the 1500 Pearl Garage, including solar panel gutters and cleaning out the boiler. o Poe asked who coordinated the murals, and Edwards answered that it was the Public Art Office in collaboration with the Maintenance Team. •Maintenance and upgrades at the RTD Garage, including painting the interior and upgrading the bike shelter. o Poe asked who owns the space, and Edwards answered that the city owns the air rights and the garage, and RTD owns the bus station on the ground level. •Maintenance and upgrades at the St. Julien Garage, including stairwell enhancements and painting the back wall. •Maintenance and upgrades at the Randolph Garage, including restriping and painting. •Other updates around Boulder, including no overnight parking in the civic area lots and finishing the tree wells in front of the Wells Fargo parking lot. C.Final Draft of 2026 Budget Proposal LaBonte updated the commission about the Community Vitality Department’s budget and explained Executive Budget Team (EBT). They are a group of city staff who review budget proposals and move them along to City Council for approval. He shared the 2026 Operating Budget overview, including the operating budget and capital, and the changes to both from 2024 to 2025 and from 2025 to 2026. Poe asked if the budget presented is for all of Community Vitality (CV) or the General Fund, and LaBonte confirmed it is for all of CV. Poe asked if the reduction from 2024 to 2025 is only due to the Parking Enforcement Department moving out of CV, or if there are other factors like budget reductions, and LaBonte answered that it is due to the move of the department. Dahl asked what factors are causing the increase from 2025 to 2026, and LaBonte answered that there are multiple funding sources from the districts that support the increase. LaBonte discussed the 2026 – 2031 Capital Improvement Plan (CIP), including improvements and renovations to lots and garages and supporting public arts projects. Poe asked if the sale of the Spruce Lot is still happening and how it will impact the budget, and LaBonte answered that they are working on the second letter of intent and contract. Poe asked if the funds from the sale will go to the General Fund or to the Commercial Area General Improvement District (CAGID) fund, and LaBonte answered that it will go to CAGID. 6 Poe asked if $3 million for the Pearl Street Mall 50th Anniversary would be enough to fund all the updates they want to make, and LaBonte answered that they will be focusing on maintenance to make sure the mall looks nice but keeps its character and culture. Poe asked about the Regional Transportation District (RTD) service returning to the Boulder Junction Access District (BJAD) Bus Station, and Edwards answered that RTD may start service in September. Dahl asked about the revenue that the BJAD parking garage generates, and LaBonte answered that it generates revenue, but nothing near what the CAGID parking garages generate. LaBonte shared that The Commercial Area Blueprint Request for Proposal (RFP) has opened and is requesting ideas for how to connect the districts. He brought up Notable Items for District Commissions, including maintaining essential services, addressing deferred maintenance, supporting public spaces, events and safety, expanding the CIP for asset management, and making minimal changes to the operational budget. LaBonte went over the next steps of the EBT review in July, the City Council Review in August, the Commission Recommendations in September, the Final Budget Adoption in October, and future, continued input from the commissioners. Poe asked if there will be an issue receiving funds for the capital improvements or if those projects are already accounted for in the budget, and LaBonte answered that he is cautiously optimistic that city council will approve the budget. Agenda Item 9: Matters from Commissioners Dahl asked about the 50th Anniversary of the Pearl Street Mall and how to support that. Swigger answered that DBP are going to update the area. They will be seeking a logo design to license out. The main event is August 7, 2027, so there will be more to come. Swigger shared that they are working to publish an update to the book Positively Pearl Street that came out on the 30th Anniversary of the Pearl Street Mall. Poe brought up that the Vision Plan doesn’t have a funding mechanism, and Swigger replied that it’s a conceptual guide for anyone who wants to plan a project downtown. Agenda Item 10: Next Commission Meeting Next Commission Meeting: 4 p.m., Tuesday, September 9, 2025. The public will be remote. Agenda Item 11: Adjourn There being no further business to come before the commission at this time, Poe moved to adjourn the meeting. The meeting was adjourned at 5:30 p.m. Approved on: Attested: Approved by: ___________________ _____________________ Ellie Kennedy Don Poe 7 Board Secretary DMC Chair Date: ______________ Date: _________________ 8 City of Boulder Special District Board Consent Agenda University Hill Commercial Area Management Commission (UHCAMC) – September 2, 2025 Downtown Management Commission (DMC) – September 9, 2025 Boulder Junction Access District (BJAD) Commissions – September 17, 2025 Updates on Community Vitality work plan programs and projects for city special district boards and commissions. These updates are for informational purposes only and require no discussion or votes. Special District Updates University Hill General Improvement District (UHGID) •Due to city-wide budget reductions, work on the University Hill Streetscape Project is being limited to the median improvements at this time. Staff are in conversations to determine next steps on other aspects of the project. Construction on the medians is planned to begin and finish this Fall, with design review progressing as scheduled. •The ash tree on 13th Street in front of the Fox Theatre is slated for removal this fall. Staff are working with the city’s Forestry team to coordinate the removal and next steps. •Parking permits for the 14th street surface lot were made available to purchase by UHGID employees and businesses beginning July 14. Staff will be closely monitoring the lot to understand utilization and impacts of the permit pilot program. Central Area General Improvement District (CAGID) •Staff continue work on improving public parking garages in downtown Boulder in 2025, which requires periodic partial and full closures of the garages. •Work continues on the Garage Mobility Hub project, funded in part by a Denver Regional Council of Governments (DRCOG) grant, to create concept plans for converting CAGID parking garages into multi-functional mobility hubs. •Staff continue to facilitate a team across city departments for review of systems and programs to keep downtown areas clean and well-maintained. •Roots Music Project continues planning for the Roots Music Festival in Downtown Boulder on October 17-19, sponsored by the Community Vitality Department. •Activity permits for the Pearl Street mall remain in high demand, with 15 permits issued in August. Staff continue to streamline the application process and improve the overall experience for vendors. •Through a supplementary Mobile Vending Cart (MVC) Program application, staff have permitted two vendors, DAR Chocolate and La Catrina Tamales, to fill vacant spots on the Pearl Street Mall for the remainder of the year. Staff are working closely with both vendors to help them get set up successfully for the remaining months. In addition, the city is looking at ways to improve the overall look and feel of the MVC Program, including updates to the application process, a review of the retail mix, and exploring common aesthetic guidelines for carts by the end of the year. Boulder Junction Access Districts (BJAD) 9 City of Boulder Updates Boulder Clean Commute Pilot Program – Work is underway to enhance the Boulder Clean Commute program for 2025 in partnership with local tech company Commutifi. A strengthened employer engagement plan has been launched for the remainder of the year to boost participation and streamline the onboarding process. Commutifi will lead this effort through targeted outreach, live support sessions, and in-person engagement events. More information can be found on the program website Boulder Clean Commute. Curbside Management Plan Implementation Update – Staff continues to implement City Council’s ordinance, passed in October 2024, to convert traditional loading zones into “Flexible Loading Zones”. Downtown Development Authority (DDA) Formation – Staff are working with Progressive Urban Management Associates (PUMA) to lead the analysis and engagement process to form a DDA in Boulder. PUMA is currently convening a Planning Group of key stakeholders to provide creative input and help move this work forward. Next steps include finalizing potential boundaries, completing a financial analysis, and beginning to draft the Plan of Development. The goal is to bring the DDA proposal to voters on the November 2026 ballot. Commercial Areas Blueprint – Staff released an RFP for this work and will be selecting a consultant by the beginning of September. More updates will be shared once staff select a consultant and this project moves forward. Outdoor Dining Pilot Program – Community Vitality staff continue facilitating the next phase of a proposed permanent program. The Pilot Program is set to end in October 2027. Boulder Arts Blueprint – Work continues on the Boulder Arts Blueprint, a strategic roadmap for arts and culture across departments aligned to the update of the Boulder Valley Comprehensive Plan. Arts Blueprint website. Public Art in the Districts •Progress continues on the 11th and Spruce public art project with artist David Franklin. The engineering assessment of the garage is complete, and staff are now working on final design, fabrication, and permitting. •The Accessible Signage project to improve city-wide public art signs and interpretation continues.. •Free public art tours ran through August with nearly 200 residents and visitors joining docents on a walk through 30 sculptures, murals, and other projects throughout downtown Boulder Social Streets Implementation – Further work on this project has been paused due to budgetary constraints. The engagement and work completed to date has already informed several key improvements to the special event process and programs. Parking Enforcement - Enforcement is prepared to monitor compliance with the new flexible loading zones related to the curbside management plan. They are also ready to help support the Mobility Hub project and the adjustments that may pertain to enforcement. 10 September 2025 Bettina Swigger, CEO ● Public Policy Work ●Marketing Updates ● Upcoming Events & Programs ● Ambassador Program Update 11 Public Policy Committee Update ●Advocated for County Commissioners to compromise on a three-year term for upcoming Behavioral Health Tax Initiative ● In support of CCRS Sales Tax Extension Initiative ● Received an update on City’s Homelessness Response Strategy DBP City Council Candidate Forum Thursday, October 9, 8:30 - 10 am eTown In order to provide a civil environment for the candidates to present their views, attendance at this Candidate Forum is only open to DBP members and representatives of businesses within the Business Improvement District. Advance registration is required and the organizers reserve the right to refuse access to anyone who does not fit those criteria. 12 13 Fall / Winter brand campaign kicks off in a few weeks. New tactic: micro influencers. 14 Updated Copy / Photos for Paid Social: Fall Campaigns Fall Drone Photo / Video Shoot Fall / Winter People Photo Shoot Event Marketing Fall FestMunchkin Masquerade World Singing Day In Production: :30 TV spot & :30 & :15 Podcast spots Marketing Overview Bigger print run: increasing from 25,000 → 30,000 copies to meet demand Value-minded pricing: only a ~5% increase from last year. (Ad prices have been flat for the past two years. Revenue does not cover the entire cost of design/production/distribution - the guide is partially funded by BID marketing dollars too. Also, we are printing 5,000 more copies than we did this year!) 17 18 Case Study #1: Downtown Boulder Partnership Analyze a strong City-BID partnership model that incorporates strategic planning, shared management, and financial alignment. Watch the Panel Discussion: https://youtu.be/8cZhwWOIJPA 19 Friday - Sunday, October 3 - 5, 2025 Friday, October 3rd 5 - 9 pm Saturday, October 4th 10 am - 9 pm Sunday, October 5th 10 am - 5 pm Celebrate fall with us at Fall Fest! In addition to live music all weekend, our beer garden, and the Firefly Handmade Market, there will be free activities for kids + inflatables in our “Fun Zone” over by the Boulder County Courthouse Lawn. On Saturday, October 4th, Downtown Boulder will host its first-ever Battle of the Bands event during Fall Fest. Winners will be selected through a combination of audience and jury votes. Winners receive booking slots a Roots Music Festival and our 2026 Bands on the Bricks series. BoulderFallFest.com Musical Lineup for the Weekend Friday, October 3rd 5 - 6:30 pm Silas Herman & The Tone Unit 7 - 9 pm Cashmere Sweater Saturday, October 4th 10 - 11 am Boulder Suzuki Strings 11:30 am - 4:30 pm Battle of the Bands 11:30 am - 12 pm Barn Ghost 12:15 - 12:45 pm Sempar 1 - 1:30 pm The Buzz 1:45 - 2:15 pm Razorbill 2:30 - 3 pm Jason Brandt & The Build Out 3:15 - 3:45 pm The Skinny 4 - 4:30 pm Ronjo V 5 - 6:30 pm Mighty Mystic 7 - 9 pm Roka Hueka Sunday, October 5th 11:30 - 12:30 pm School of Rock 1 - 2:30 pm The Rock and Pop Music Academy 3 - 5 pm 2mx2 20 Saturday, October 18, 2025 2 - 3:30 pm 1300 block of the Pearl Street Mall The 10th annual World Singing Day Boulder event is a community sing-along where people of all ages, backgrounds, and singing abilities are invited to sing popular songs together. Roots Music Festival will be taking place the same weekend October 17 - 19, 2025, with free music on the 1300 block stage starting right after World Singing Day. WorldSingingDayBoulder.com Friday, October 31, 2025 3 - 6 pm All four blocks of the Pearl Street Mall Downtown Boulder’s annual trick-or-treating event is back! Munchkin Masquerade will feature a variety of exhibitors (both for and non-profit organizations) and a plethora of downtown business “treat stops” where families can do free activities and get some tasty treats! MunchkinMasquerade.com21 Switch on the Holidays Sunday, November 23, 2025 2 - 7 pm 1300 block of the Pearl Street Mall & Beyond Free activities, exhibitors, additional programming, new Downtown Boulder holiday promotions, the Cookie Crawl, and more start before 5 pm. At 5 pm, the official program starts with the flipping of the switch at approximately 5:20 pm. BoulderDowntown/Light-Up-The-Holidays.com Lights of December Parade Saturday, December 13, 2025 6 - 7:30 pm Parade Route is on the Website A little over 50 original floats, community groups, and organizations participate in the annual Lights of December parade each year! There are still spots available. Reach out to Kat (katherine@downtownboulder.org) if you are interested. 22 Ambassador Update July-August 2025 Operations Update Quick Facts ●2025 Ridership increased nearly 14% over 2024 ●Boulder County and Denver Metro visitors increased slightly (up 5%) while Out of State decreased slightly (down 3%) ●Boulder residents from 80302 and 80304 continue to dominate the local riders (60% of locals) 24 Operations Update Before After 25 Operations Update Before After26 Operations Update Before After27 CITY OF BOULDER DOWNTOWN MANAGEMENT COMMISSION (DMC) AGENDA ITEM MEETING DATE: October 6, 2025 AGENDA TITLE Downtown Development Authority (DDA) Formation Update PRESENTERS Reegan Brown, Senior Project Manager, Community Vitality Dear DMC, This agenda memorandum provides an update on the city’s DDA exploration work and outlines next steps. Staff, together with the consultant team from Progressive Urban Management Associates (PUMA), have convened the first meeting of the Planning Group that will help guide the process. The group is responsible for providing creative input, serving as a reality check as ideas develop, helping connect the team with stakeholders and community members, and—if a DDA is ultimately found to be feasible and desirable—championing the effort to form the DDA. To ensure strong representation, we are asking DMC to nominate or volunteer one commissioner to serve on the Planning Group on behalf of the commission. We will ensure the nominated commissioner is brought up to speed on the work completed to date so they can fully participate going forward. The Planning Group will continue to meet monthly, with the next meeting to be scheduled in October. Once the date is finalized, an invite will be shared. Thank you for your engagement and support as this work advances. 28 1100 SPRUCE & ST JULIEN GARAGES CAPITAL IMPROVEMENTS PROGRESS 29 AGENDA •1100 Spruce Project Overview •Timeline •St Julien Project Overview •Timeline •Wayfinding •Questions & Feedback 30 1100 SPRUCE PROJECT OVERVIEW •The goals of this project are to preserve the life of this highly utilized parking structure, enhance safety of the facility, and improve the parking and access experience for the thousands of daily garage users. •This project was publicly bid and awarded in December of 2024. The awarded design team is Boulder based PEH Architects and the awarded contractor is PCL Construction. •Initial project communications went out to tenants, garage permit holders, and local businesses on September 23rd and there will be a townhall for those able to attend on October 15th. There is a detailed communications plan to keep stakeholders aware of project progress and impacts. •Schedules remain in development, but there will be a full closure of the garage to allow a large amounts of work to be completed simultaneously. This approach is in response to community feedback and in an effort to compress work activities into a shorter duration. 31 MEET THE TEAM-PEH ARCHITECTS MARI BLASERSR. PROJECT MANAGER, ASSOC. AIA CHRISTOPHER MIRTOMANAGING PRINCIPAL, AIA, LEED AP 32 MEET THE TEAM- PCL CONSTRUCTION 33 1100 SPRUCE SCOPE OF WORK This project goes beyond surface-level improvements, it’s focused on the long-term health and safety of the garage. By taking care of important maintenance now, we’re helping to preserve the structure, extend its lifespan and keep it safe and dependable. This work includes but is not limited to: •Enclosing elevator hoist ways and stairwells to minimize water intrusion •Storefront replacements on all tenant spaces that have exceeded their useful life •Structural repairs to maintain the integrity of the facility •Upgraded lighting and fresh painting to improve visibility, safety, and overall appearance of the garage •Concrete repairs and traffic coating throughout the garage 34 1100 SPRUCE TIMELINE Permitting September 2025 – permit submission Dec 2025/Jan 2026 – anticipate permit received Construction January – March 2026 – construction mobilization and early work begins Fall 2026 – work completes 35 ST JULIEN PROJECT OVERVIEW •The goals of this project are to preserve the lifeparking structure, enhance safety of the facility, andimprove the parking and access experience for garageusers. •This project was pulled ahead to 2026 in order tocoincide with the civic pad expansion project currentlyin progress by the St Julien hotel. •Design work was awarded to Kimley-Horn withsupport of 4240 Architects to allow for a cohesiveproject team. •Saunders Construction, who is completing theconstruction for the civic pad development, has beenworking on preconstruction efforts for the garagework. We are seeking a Request To Proceed tocontinue partnering with Saunders and maintaincontinuity of the project team. 36 ST JULIEN SCOPE OF WORK •This project is focused on improving the safety of this garagewith increased lighting, new painting throughout and a thoughtfulrevamp of wayfinding and signage throughout the garage. It willalso include full replacement of two of the stairwells that arepast their useful lives. •Full replacement of two stairwells •Wayfinding elements within the garage, including additionalsignage •Upgraded lighting and fresh painting to improve visibility,safety, and overall appearance of the garage •Concrete repairs throughout the garage •Replacement of mechanical equipment including exhaustfans 37 ST JULIEN TIMELINE Permitting October 2025 – permit submission Jan/Feb 2026 – anticipate permit received Construction February 2026 – construction mobilization begins Fall 2026 – work completes 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 QUESTIONS & FEEDBACK 57 CITY MANAGER’S 2026 RECOMMENDED BUDGET 58 AGENDA -Key Accomplishments -Some Definitions -CMO’s Recommended Budget -Capital Improvement Plan -3 Year Comparison -Timeline and Commission Feedback 59 KEY ACCOMPLISHMENTS Walnut Between Broadway & 13th 1500 Pearl Murals 60 KEY ACCOMPLISHMENTS Garage Capital Investments 61 COST ALLOCATIONS, INTERNAL SERVICES, TRANSFERS, RESERVES, AND FUND FINANCIALS 62 COST ALLOCATIONS, INTERNAL SERVICES & TRANSFERS TransfersCost Allocations Like a transfer but for specific and defined services funded by the General Fund. This includes services from; •City Attorney's Office •City Clerk •City Manager’s Office •Communications •Human Resources •IT support •Purchasing Support & Solicitation •Sales Tax Audit & Collections A revenue and expense between two different funds. An example could be the General Fund transfer to a district fund for General Fund related expenses. This would show as an expense in the General Fund and a Revenue in the district fund Internal Services Services provided Facilities & Fleet, including replacement funds Central Software costs Computer replacement funds 63 RESERVES Types 1.*Operating 2.Sick/Vacation 3.Other *Required of all funds Definitions 1.Reserves are a type of savings account that stays within the fund for emergency uses or revenue shortfalls and will change from year to year but will always be at least 16.7% of the next year’s operating budget. 2.Operating reserves must be a minimum of 2 months worth of operating expenses (16.7%) for the next year. For example, 2025’s operating reserve is based on 2026’s operating budget. 3.Sick/Vacation reserves aim to offset large expenses from employees separating from the organization with large vacation balances or to support extended absences for FMLA. These are not required. 4.Other reserves could include Capital or other identified reserves that Council or Staff has recommended. 64 FUND FINANCIALS A document that shows actual revenues (sources) and expenses (uses) from the previous year, the current year’s adopted and revised budget, the recommended budget for the following year, and an outlook using projected revenues and expenses for the next 5 years. 65 CITY MANAGER’S 2026 RECOMMENDED BUDGET 66 CITY MANAGER’S 2026 RECOMMENDED BUDGET 0 Sources ($) Taxes 5,884,810 Investments 840,472 Products 7,276,646 Transfers - TOTAL 14,001,928 Uses Personnel ($)Non-Personnel ($) Administration 1,526,129 944,530 Arts + Culture 585,821 2,370,780 Capital -12,139,956 Customer Service 545,311 336,395 District Vitality 216,093 1,473,632 Maintenance 920,033 1,516,570 Parking Enforcement -- Special Events 145,862 212,473 Cost Allocations -909,623 Internal Services -852,795 Transfers -- SUBTOTAL 3,939,249 20,756,754 TOTAL 24,696,00367 CAPITAL IMPROVEMENT PLAN 68 2026 – 2031 CAPITAL IMPROVEMENT PLAN Project 2026 2027 2028 2029 2030 2031 Spruce CMGC $4,665,000 ----4,500,000 St. Julien CMGC $5,00,000 ----- Pearl St. Refresh $2,000,000 ----- 1500 Pearl St. CMGC -6,000,000 ---- RTD CMGC --2,600,000 --- St. Julien Concrete --550,000 550,000 550,000 550,000 Tenant Improvements $50,000 50,000 50,000 50,000 50,000 50,000 CAGID TOTAL $11,715,000 6,050,000 3,200,000 600,000 600,000 5,100,000 Electronic Signage $300,000 ----- Capital Improvements -100,000 100,000 100,000 100,000 100,000 BJAD – Parking TOTAL $300,000 100,000 100,000 100,000 100,000 100,000 1% for Public Art $124,956 129,465 133,470 136,417 139,185 142,009 CCRS $124,956 129,465 133,470 136,417 139,185 142,009 CV TOTAL $12,139,956 6,279,465 3,433,470 836,417 839,185 5,342,009 3-YEAR COMPARISON 70 3-YEAR COMPARISON - CAGID 2024 Revised 2024 Actuals 2025 Adopted 2025 Revised 2026 Recommended Sources Investments 502,975 691,916 502,976 641,597 648,503 Other 64,590 567,326 65,559 65,559 65,559 Products 6,559,169 6,422,626 6,804,359 6,804,359 7,069,896 Taxes 1,505,130 1,500,438 1,535,233 1,535,233 1,534,191 Transfers 968,819 968,819 723,753 723,753 - TOTAL 9,600,683 10,151,126 9,631,880 9,770,501 9,318,149 Uses Personnel 2,063,732 1,851,570 1,978,345 1,978,345 2,069,654 Non-Personnel 4,465,400 2,590,881 3,974,008 4,209,438 3,456,659 Capital 7,415,893 3,111,136 5,550,000 10,560,340 11,715,000 Transfers & Cost Allocations 787,082 433,085 1,061,882 1,061,882 945,268 TOTAL 14,732,107 7,986,672 12,564,235 17,810,005 18,186,581 Reserves 1,184,917 1,184,917 1,213,219 1,040,701 930,456 3-YEAR COMPARISON - CAGID 2024 Revised Budget v. 2024 Actuals •Helps track projection performance and expense assumptions •Revenue projections 6% over budget •Expense assumptions 46% under budget 2025 Adopted v. 2026 Recommended •Revenue projections 3% above previous year •Expense assumptions 2% above previous year 72 QUESTIONS? 73 SUGGESTED MOTION LANGUAGE Motion to recommend City Council, serving as the board of directors for the Central Area General Improvement District, adopt the City Manager’s 2026 Recommended Budget appropriating money to defray expenses and liabilities pertaining to the Central Area General Improvement District fund. 74 MEMORANDUM To: Downtown Management Commission From: Cris Jones, Director of Community Vitality Kristine Edwards, Senior Manager of Maintenance and Operations, Community Vitality Samantha Bromberg, Sr Project Manager, Community Vitality Date: September 9, 2025 Subject: Garage Wayfinding SUMMARY Staff is seeking Downtown Management Commission (DMC) feedback on proposed garage wayfinding signs and locations. Feedback from commissioners in the July meeting highlighted the desire for simplicity, placemaking, and brand awareness in the signs. 75 Figure 1- Garage Wayfinding Sign Mock-Up To determine where signage should be placed, staff turned to recent traffic data to better understand how people arrive downtown. Based on that traffic data, a map of the sign locations has been created, which will demonstrate how drivers will be directed to find the BoulderPark parking garages. 76 Figure 2- Map of future wayfinding signage locations in Downtown Boulder NEXT STEPS Staff is seeking DMC feedback on the proposed sign designs and locations. Once DMC has expressed positive feedback for the design and locations, staff will order the signs and plan for installation in the coming months. This project is expected to be completed by the end of 2025. 77 DRAFT ALL CV COMMISSIONS SUMMIT MEETING University Hill Commercial Area Management Commission (UHCAMC) Downtown Management Commission (DMC) Boulder Junction Access District (BJAD) – Travel Demand Management (TDM) & Parking Joint Commissions October 20, 2025 3:00-9:00 P.M. Penfield Tate II Municipal Building, 1777 Broadway, Boulder (The public will observe via Zoom webinar) AGENDA I.Introductions (20 min.) Secretary II.Economic Development Strategy Update (60 min.) Mark Woulf, Assistant City Manager III.Civic Area Project Update (30 min.) Parks & Recreation IV.Dinner & Connections Exercise (45 min.) V.Boulder Valley Comprehensive Plan Workshop (30 min.)Chasansky VI.Arts & Special Events Update (30 min.)Click & Greenstein VII.Adjourn Chair VIII.OPTIONAL: Advancing Racial Equity - The Role of Government Training (145 min.) CMO 78 Attachments: -TBD UHCAMC Commission Members UHCAMC 2025 Commission Priorities Staff Liaison Cris Jones, Community Vitality Director jonesc@bouldercolorado.gov 1.Readiness of the University Hill District for Increased Attention/Foot Traffic Community Engagement and Collaboration 2.Cleanliness and Safety for an Inviting and Vibrant District 3.Consideration of Parking in the Redevelopment Plan for the 14th Street UHGID-Owned Parking Lot 4.Near and Long-Term Fiscal Resiliency of UHGID Trent Bush - Property Owner/Rep Term ends: 2028 Tell Jones- Property Owner/Rep Term ends: 2028 Danica Powell - Property Owner/ Rep Term ends: 2029 Ted Rockwell, Chair - Resident Term ends: 2026 Dane Anderson - Resident Term ends: 2030 DMC Commissioners DMC 2025 Priorities Erica Dahl - Property Owner/Rep Term ends: 2029 Don Poe, Chair - Property Owner/Rep Terms ends: 2026 Stephanie Trees, V-Chair - Citizen-at-Large Term ends: 2026 Justin Kalvin - Citizen-at-Large Term ends: 2026 Andy Nathan - Property Owner/Rep Term ends: 2028 1.Facilitate the perception of safety with support for Boulder's ambassador program and for mindful policing. 2.Support Economic Vitality by advocating for the activation of underutilized space (e.g., parking lots), strong encouragement of affordability efforts, and promotion of helpful code changes. 3.Connect visitors from other areas to the Downtown area by spreading awareness of marketing efforts and wayfinding. 4.Take opportunities to communicate with other boards and align efforts to connect the various economic districts. 79 Parking Commission Members Robyn Ronen, Chair Term ends 2027 Rebekah Dumouchelle, Vice Chair Term ends 2027 Daniel Aizenman Term ends 2030 Kevin Knapp Term ends 2023 Vacant- Property Owner/Rep 2025 Joint Commission Priorities 1.Reevaluate Parking District Mill Levy 2.Support TVAP Phase 2 Planning a.10 Year Capital Improvement Plan 3.Support TDM & Transit Enhancements a.Carshare, bike share, micro mobility, etc. b.Restore and Expand RTD Bus Services to the Depot Square Station. c.Address Environmental Concerns and Promote Sustainable Transportation. d.Transit Enhancements e.Non-station enhancements 4.Community Collaboration a.Commission Recruitment/Marketing b.Community Events 5.Enhance District Identity, Branding and Wayfinding TDM Commission Members Rebekah Dumouchelle, Chair Term ends 2027 Kevin Crouse, Vice Chair Term ends 2029 Daniel Aizenman Term ends 2030 Vacant- Property Owner/Rep Vacant- Property Owner/Rep 80 Update on Curbside Management for Downtown Management Commission Chris Hagelin, Transportation & Mobility hagelinc@bouldercolorado.gov Pu rpose Our plan is to initiate curbside management planning in the Downtown area in the 4th Quarter of 2025 starting in November and likely culminating by the end of the 1st Quarter in 2026. Staff are looking at adjusting curbside management in the Downtown due to: •Increased demand for the curb in general •Increased demand for short term parking, loading and unloading •Provide better, more efficient curbside access for: o Short-term loading, unloading and pick-up o food and beverage delivery o TNC pick-up and drop-off o Amazon, Fed Ex, UPS, USPS deliveries o Sundance (future work) Tasks 1.Staff will review existing conditions and propose changes based on pilot program results and curbside demands (October) a.Identifying possible locations for Flexible loading zones (24/7 with 15-minute limit which may also serve as designated pick-up and drop-off locations for Transportation Network Companies, like Uber or Lyft b.Examination of other issues related to loading zones and curbside access and demand and possible changes in curbside uses. 2.Engagement process with Commission, property owners, businesses, and commercial users of loading zones (early November and likely in January since we do not want to conduct engagement between Thanksgiving and Winter holidays) a.Staff are looking for 1 or 2 commissions to serve as project liaisons. b.Identification of key stakeholders, including but not limited to: i.Downtown Boulder Partnership ii.Boulder Chamber c.Receive feedback on plan and proposed locations i.Inform level of engagement ii.Direct engagement with businesses adjacent to proposed changes d.Identify communication needs to the public and downtown visitors 3.Finalize curbside changes (end of January/early February) 4.Communication Plan (January-February) a.Businesses 81 b.Property Owners c.Commercial users d.Transportation Network Companies 5.Install new signage (March) 6.Communication Plan implementation (March) Future work •Sundance curbside management plan Timing: •Adjustments to timeline? Pilot Project locations: Downtown Boulder 1.East side of 9th between Walnut and Lawry Lane 2.East side of 11th Pearl and Morrison Alley 3.South side of Walnut between Broadway and 13th 82 4.West side of 13th between Lawry Lane and Pearl 5.South side of Pearl between 15th and 16th Streets only 3 spots closest to 16th 6.North side of Pearl between 16th and 17th only from 16th to Foolish Craigs (one spot) 83 BOULDER IMPROVEMENT DISTRICT ANALYSIS REPORT July 2025 84 CONTENTS 01. Executive Summary ......................................................................... 3 Overview .................................................................................................................................. 3 Existing Conditions ................................................................................................................... 3 Recommendations ................................................................................................................... 5 02. Introduction .................................................................................... 7 Project Background .................................................................................................................. 7 Improvement District Analysis Process.................................................................................... 11 03. Existing Conditions ........................................................................ 12 Central Area General Improvement District (CAGID) ................................................................ 13 University Hill General Improvement District (UHGID) .............................................................. 18 Boulder Junction Access Districts (BJAD) ................................................................................. 22 55th & Arapahoe Station Area ................................................................................................... 25 04. Recommendations ........................................................................ 29 Immediate Actions (6-12 Months) ............................................................................................ 29 Short-Term Actions (12-24 Months) ......................................................................................... 35 Long-Term Actions (Beyond 24 Months) ................................................................................... 38 Recommendations Summary ................................................................................................. 42 Appendix A: District Profiles ................................................................ 43 Central Area GID (CAGID ) District Profile ................................................................................. 43 University Hill GID (UHGID) District Profile ............................................................................... 52 Boulder Junction Access Districts (BJAD) Profile ...................................................................... 61 55th & Arapahoe Profile............................................................................................................ 74 85 01. EXECUTIVE SUMMARY OVERVIEW The City of Boulder’s commercial areas play a critical role in the community’s economic, cultural, and civic life. Building off City Council’s priority “Commercial Area Connections and Quality of Life Improvements,” the City commissioned this Improvement District Analysis to evaluate how existing and potential special district tools could be used to support the evolving needs of Boulder’s commercial districts. The analysis focuses on four existing General Improvement Districts (GIDs)— the Central Area General Improvement District (CAGID), the University Hill General Improvement District (UHGID), and the Boulder Junction Access Districts (BJAD-Parking and BJAD-Transportation Demand Management)—as well as future opportunities in areas such as the Civic Area and the 55th & Arapahoe Station Area. The improvement district analysis process included an in-depth review of each district’s structure, services, financial trends, and challenges, and offers a series of recommendations to optimize district management and financing mechanisms moving forward. EXISTING CONDITIONS 86 87 RECOMMENDATIONS Existing city funding sources, including GIDs, are not sufficient to fully implement the community’s vision for Boulder’s commercial areas. This Improvement District Analysis offers financial and structural recommendations—aligned with the City’s Long-Term Financial Strategy—to optimize current district functions and explore new tools to sustainably support these areas. Organized by Immediate Actions (6-12 months), Short-Term Actions (12-24 months), and Long-Term Actions (Beyond 24 months), these recommendations aim to close funding gaps, strengthen district management, and ensure Boulder’s commercial areas remain vibrant and resilient into the future. DOWNTOWN DEVELOPMENT AUTHORITY (DDA) OPPORTUNITY Boulder’s core commercial districts are at a pivotal moment. Exploring the creation of a Downtown Development Authority (DDA) provides an exciting opportunity to support revitalization and reinvestment across CAGID, UHGID, and adjacent areas like the Civic Area and Western City Campus. DDAs are state-enabled, quasi-governmental entities designed to support revitalization efforts in a city’s central business district. A DDA would provide sustainable, long-term funding through Tax Increment Financing (TIF) and a voter-approved mill levy, helping to address capital needs, operational gaps, and economic stagnation in Downtown and on the Hill. Immediate next steps include conducting a financial analysis, defining a potential district boundary, developing a preliminary Plan of Development, and engaging stakeholders. Over the next year, this process could culminate in a TABOR election and DDA formation, if deemed feasible. DISTRICT-SPECIFIC RECOMMENDATIONS For CAGID, one immediate action in addition to exploring the feasibility of a DDA is to clarify services with the Downtown Boulder BID to eliminate duplication and improve transparency. Additional short- and long-term actions—such as exploring expansion to the Civic Area, pursuing a TABOR de -Brucing vote, or establishing a Public Improvement Fee (PIF)—would be considered as alternatives if a DDA is ultimately found to be infeasible. Together, these recommendations help position CAGID to better support future capital investments and evolving district needs. For UHGID, if a DDA is ultimately found to be infeasible, a range of short- and long-term strategies could be pursued to strengthen UHGID’s financial sustainability and impact. Short-term actions include increasing revenue self-sufficiency by reassessing permit fees, expanding paid parking, and exploring partnerships with hotel operators through the new Lodging Business Assessment Area (LBAA) to improve connectivity between the Hill and Downtown. In the long term, UHGID may also consider de-Brucing its mill levy to expand service delivery and better support safety, activation, and maintenance. For BJAD, immediate actions center on evaluating the feasibility of removing the overlapping districts and establishing a single district to streamline governance and reduce administrative burden. In the short term, the City could begin the inclusion/exclusion process to align boundaries and consider a temporary mill levy reduction, particularly in BJAD-P where revenues exceed current 88 needs. Over the long term, clarifying BJAD’s role in Boulder Junction Phase II and identifying future infrastructure and placemaking investments will ensure that the district remains effective and responsive as the area matures. As part of this planning, the City should also explore alternative district tools—such as Urban Renewal or Metropolitan Districts—that may offer more flexible financing mechanisms to support large-scale infrastructure investments in the Phase II area. RECOMMENDATIONS SUMMARY The graphic below provides a visual summary of all recommendations outlined in the Improvement District Analysis report, organized by district and implementation timeline. It illustrates which actions apply to each district—CAGID, UHGID, BJAD-P, and BJAD -TDM—and categorizes them into immediate (6–12 months), short-term (12–24 months), and long-term (24+ months) actions. 89 02.INTRODUCTION PROJECT BACKGROUND As Boulder continues to evolve, so must the strategies that sustain the vitality of its commercial districts. In support of the Boulder City Council’s 2024–2025 priority, “Commercial Area Connections and Quality of Life Improvements”, the City of Boulder Community Vitality Department, working in collaboration with several city departments, launched a comprehensive initiative aimed at strengthening the vibrancy, connectivity, and long-term resilience of Boulder’s commercial areas. This work is further informed by guiding documents such as the city’s Economic Vitality Strategy, Long-Term Financial Strategy, and other related planning efforts. A key component of this initiative is the Improvement District Analysis. This analysis, which was initiated in early 2025, explores how Boulder’s existing and prospective district management tools can address near term challenges and opportunities for reinvestment. To facilitate this process, the City of Boulder issued a formal Request for Proposal (RFP) and retained Progressive Urban Management Associates (P.U.M.A.). Boulder’s commercial districts play a central role in the city’s economic, social, and cultural life. Over time, these areas have evolved in response to shifting community needs, and the city’s General Improvement District (GIDs) have evolved along with them. Originally established to support specific priorities—such as parking infrastructure, asset management and maintenance, and transportation demand management—Boulder’s GIDs have taken on broader roles over the years. Today, new opportunities, including the retirement of district debt and development in these commercial areas, present new avenues for reinvestment. At the same time, emerging challenges WHAT IS A GENERAL IMPROVEMENT DISTRICT (GID)? A GID is a type of special taxing district authorized by Colorado statute to finance capital improvements, support the maintenance of public facilities, and provide focused management and funding within a defined area. Per Boulder municipal code, a GID is legally established when a petition is submitted to the city council of the municipality. City council must then provide public notice, hold a hearing, and adopt an ordinance to create the district. GIDs must also be approved by affected electors in a TABOR election. Once formed, a GID may levy property taxes, impose special assessments, and issue bonds to fund district- specific improvements and services. Management and oversight of a GID are handled by the governing body of the municipality— typically the city council, which serves as the board of directors for the district, which is the case in Boulder. Each district also has a dedicated advisory commission made up of local stakeholders These commissions provide input and recommendations to City Council on the use of GID funds and the prioritization of projects within their respective districts. 90 such as safety concerns and increased office vacancies underscore the need for coordinated, forward-looking strategies. While GIDs provide critical funding, they are not the only tool available for urban place management. This analysis not only evaluates Boulder’s existing GIDs, but also explores the benefits and tradeoffs of potential new tools that could enhance the city’s capacity to manage and invest in its commercial areas. The findings of this analysis provide a strategic lens for considering how financial mechanisms and governance models might be adapted or expanded to better support infrastructure improvements, daily operations, and broader place-based goals. This analysis primarily focused on the city’s four existing GIDs, illustrated in the maps on the following page, and include: •Central Area General Improvement District (CAGID): CAGID was established in 1970 to provide centralized parking infrastructure in Downtown Boulder, allowing for more efficient land use, and helping preserve the area’s historic character. While it began as a parking-focused district, CAGID now plays a broader role in supporting mobility, economic activity, and placemaking in Downtown. •University Hill General Improvement District (UHGID): Established in 1970 to support commercial activity on the Hill through shared parking and maintenance services, UHGID has since expanded its role to include placemaking, mobility improvements, and the Hill Ambassador Program. Despite ongoing financial challenges and reliance on General Fund support, the Hill remains a strategic focus for the city due to its location at a key gateway to Downtown, its proximity to the University of Colorado Boulder, and increased activity driven by two new hotels and a convention center opening in 2025. •Boulder Junction Access Districts (BJAD): Established in 2010 to support Boulder’s first transit-oriented redevelopment, BJAD was created to advance the vision outlined in the city’s 2007 Transit Village Area Plan. The district includes two overlapping components—BJAD -Parking (BJAD-P) and BJAD-Transportation Demand Management (BJAD-TDM)—that work together to promote sustainable, multimodal development. BJAD -P manages parking infrastructure, including shared ownership of a parking garage, while BJAD-TDM invests in transit incentives and active transportation programs to reduce single-occupancy vehicle use. Together, the districts have helped shape Boulder Junction into a walkable, transit-rich neighborhood that supports a more sustainable and livable urban environment. Insights from the Improvement District Analysis will subsequently inform the development of the Boulder Commercial Areas Blueprint—a long-range planning document that will guide future investment and district management strategies. As part of the Boulder Valley Comprehensive Plan update, this Blueprint will help ensure that Boulder’s commercial areas remain dynamic, inclusive, and economically resilient for years to come. 91 BOULDER GID BOUNDARIES LEGEND: Central Area General Improvement District (CAGID or Downtown) University Hill General Improvement District (UHGID or The Hill) Boulder Junction Access District – Transportation Demand Management (BJAD – TDM) Boulder Junction Access District – Parking (BJAD – P) 92 EMERGING OPPORTUNITIES FOR NEW DISTRICTS As Boulder plans for future growth and development, several commercial areas that are currently not within a special taxing district have emerged as promising opportunities for reinvestment and revitalization. While these areas will be explored further in the upcoming Commercial Areas Blueprint, a few of them present near-term potential for new district structures or targeted improvements that could strengthen their role in the city’s commercial ecosystem and align with the city’s broader goals of enhancing infrastructure and connectivity, supporting economic vitality, and fostering inclusive community spaces. Together, these areas illustrate the value of strategic reinvestment and the potential role of new or expanded district structures in supporting Boulder’s evolving commercial landscape. These commercial areas include: • Civic Area: The Civic Area, which is currently outside of both CAGID and the Downtown Boulder Business Improvement District (BID), remains underutilized and lacks consistent activation, amenities, and year-round engagement despite its location within Boulder’s core. With many of the city’s customer service functions and staff offices that are currently located in this area set to relocate in 2027, new development and investment in the area’s infrastructure present the opportunity to transform Civic Area into a vibrant central gathering place for the community. The process to reenvision this area is currently underway through the city’s Civic Area Phase 2 project. • Western City Campus at Alpine-Balsam: The relocation of city staff and services from the Civic Area to the new Western City Campus at Alpine-Balsam presents a significant opportunity to support broader revitalization efforts in this area. Situated just north of Downtown along the Broadway corridor, this newly activated civic hub is poised to bring a substantial boost of daily activity the surrounding area, creating the opportunity to enhance physical and economic connectivity between the Western City Campus and Downtown Boulder through multimodal infrastructure and attracting complementary commercial uses. • 55th & Arapahoe Station Area: The 55th & Arapahoe Station Area, located in East Boulder, is well-positioned for long-term, transit-oriented, mixed-use development that can support current businesses while accommodating future growth. This area is a large employment center, and is set to become home to a future State Highway 7 Bus Rapid Transit (BRT) regional station, as recommended in the 2022 East Boulder Subcommunity Plan. This major investment will introduce high-frequency transit service connecting Boulder to I-25 and beyond, along with significant streetscape and multimodal infrastructure upgrades. Together, these improvements establish the Station Area as a prime opportunity for transit- oriented development within East Boulder’s growing commercial and employment district. 93 IMPROVEMENT DISTRICT ANALYSIS PROCESS The Improvement District Analysis began with a thorough review of past studies, plans, and engagement efforts. Each of Boulder’s GIDs has been the subject of extensive planning and community input over time. Building on this strong foundation helped ensure that the analysis was aligned with previous work and avoided duplicating efforts that have already captured community priorities and needs. To identify information gaps and ensure input from key stakeholders, focused community engagement was also conducted. This included direct collaboration with the commissions representing each existing GID, outreach to engaged constituents, and coordination with other entities operating within the same geographic areas, such as the Downtown Boulder Partnership. These conversations provided valuable insights and helped round out the understanding of each district’s context. A comprehensive analysis of existing conditions in each GID was then compiled. This included reviewing each district’s origin and the purpose of its establishment, governance structure, the services and programs it funds, and its assessment methodology. Financial data from 2019 to 2024 was also analyzed to understand how GID funds are sourced and used, and alongside key market indicators, relevant plans and projects, and partnerships with organizations and institutions active in each area, a profile was developed highlighting key characteristics of each GID. The time horizon was also chosen to compare pre-pandemic economic performance metrics to current conditions. A summary of each district profile is provided in this report, while additional detail on the existing conditions profiles can be found in Appendix A. From this foundation, a set of strategic recommendations was developed. Recommendations include both immediate actions (intended for implementation within the next 6–12 months) and short-term actions (to be pursued beyond that timeframe). Recommendations were tailored to the needs and opportunities specific to each district while maintaining alignment with citywide goals. Finally, to ensure shared ownership and feasibility, all recommendations were reviewed and vetted through a collaborative process involving City of Boulder staff, GID commissions, and ultimately Boulder City Council. This approach helped build consensus and lays the groundwork for implementation of the recommendations provided in this report. 94 03. EXISTING CONDITIONS Understanding existing conditions in each GID was a critical step in laying the groundwork for thoughtful, informed recommendations. The analysis of existing conditions included a review of each district’s context and structure; relevant past plans and studies; key characteristics such as assessment methodology and sources and uses of funds; market indicators including office and retail vacancy and property value and sales tax trends; investments, services, and programs provided by each district; and key partnerships with other nonprofit, civic, and institutional organizations operating in a shared geography. This comprehensive snapshot of where each district stands today was essential to identifying challenges, opportunities, and community priorities, and ensuring that the recommendations outlined in the subsequent chapter of this report are both context-sensitive and forward-looking. A summary of existing conditions findings is provided on the following pages, while the full existing conditions profile for each district can be found in Appendix A: District Profiles. ^CAGID ^UHGID ^BJAD 95 CENTRAL AREA GENERAL IMPROVEMENT DISTRICT (CAGID) BACKGROUND CAGID was originally established in 1970 to provide shared parking infrastructure that would support Downtown Boulder’s economic vitality while preserving its historic character. In response to state parking minimums at the time, CAGID allowed Downtown buildings to forgo individual parking lots by creating centralized facilities. This model enabled more efficient land use, improved streetscapes, created a more walkable, vibrant urban core, and is considered a national best practice for Downtown parking management. Since its formation, CAGID has developed and now oversees five parking garages totaling 2,209 spaces, four surface lots, and 165 on-street pay stations. The bonds used to finance CAGID’s parking garage infrastructure have been retired as of 2023. Over the past five decades, CAGID’s mission has broadened significantly beyond its parking-focused origin. Its funding now supports a range of complementary programs and services, including: • Mobility Enhancements: Initiatives such as EcoPasses for downtown employees, the Boulder Clean Commute program, the HOP circulator, the Lime E-Scooter Expansion Plan, and updated parking and access signage aimed at expanding transportation options and reducing car dependency. • Economic Vitality Support: CAGID contributes to Downtown’s economic vibrancy by funding outdoor dining infrastructure, mobile vending opportunities for small businesses, affordable retail space programs, and special event support. • Beautification and Placemaking: CAGID has helped to fund place enhancements including public art, murals, creative crosswalk designs, tree planting, and powerline undergrounding, all of which enhance Downtown’s visual identity and sense of place. • Ambassador Program: In partnership with Downtown Boulder Partnership, CAGID helps fund services that improve cleanliness, safety, and visitor experience through outreach, maintenance, and public engagement. CAGID SNAPSHOT YEAR ESTABLISHED 1970 ASSESSMENT METHODOLOGY 3.526 Mill Levy TOTAL ANNUAL DISTRICT REVENUE (2024) $9,324,519 TOP SOURCES OF FUNDS (2024) 1. Parking Revenue – 66% 2. Property Tax – 15% 3. Transfers In – 10% TOP USES OF FUNDS (2024) 1. Capital Improvement Plan – 42% 2. District Management – 20% 3. Administration – 14% 96 Governance CAGID is overseen by an advisory body, the Downtown Management Commission (DMC), that manages and advises on the business affairs of the GID. The DMC includes five Council-appointed members with five-year terms. Three of those members must own real property or represent real property owners in Downtown and two members are residents representing the community-at- large. partnerships Key CAGID partnerships include: •Downtown Boulder Partnership (DBP): DBP is a 501(c)6 membership organization that receives revenue from business and individuals to promote the civic, economic, and commercial vitality of downtown Boulder. Under the DBP umbrella, there are two affiliated organizations: o Downtown Boulder Business Improvement District (BID): The BID is an assessment-based district that was formed in 1999 to cultivate a cleaner, safer, and more vibrant Downtown Boulder. BID services include maintenance, events, the Downtown Boulder Ambassador program, marketing, and communications. o Downtown Boulder Community Initiatives (DBCI): DBCI is a 501(c)(3) nonprofit formed in 2016 to engage visitors and locals alike through arts, culture, innovation, and inclusive, community-driven experiences in Downtown Boulder. •Boulder Convention and Visitors Bureau (CVB): Visit Boulder, the city’s official Convention and Visitors Bureau (CVB), leads marketing, visitor services, and partnership development to attract tourism and support the local economy. In March 2025, the City Council approved the new Boulder Lodging Business Assessment Area—a 2% levy on gross short-term lodging revenue—to sustainably fund the CVB’s marketing, sales, and infrastructure initiatives. KEY MARKET INDICATORS Analysis of several key market indicators has revealed signs of post-pandemic economic stagnation in Downtown Boulder. Since 2020, both property and sales tax growth have largely plateaued. While much of the area’s property value appreciation over the last ten years occurred prior to 2020, values increased by only 6.5% between 2019 and 2024—significantly lagging the 23% rise in the Consumer Price Index (CPI), suggesting a real decline in value. Additionally, sales tax revenues in Downtown only returned to pre-pandemic (2019) levels in 2024, underscoring slow economic recovery. Office vacancy has also steadily climbed since 2020, contributing to reduced daytime activity and ongoing pressure on the commercial real estate market in Downtown Boulder. While these challenges are not unique to Boulder, as downtowns across the country continue to face similar struggles in the aftermath of the COVID-19 pandemic, they do point to a need for strategic reinvestment and targeted stimulus to help restore economic vitality and reverse the effects of stagnation. 97 DISTRICT CHALLENGES As Downtown Boulder has evolved over time, CAGID’s roles and responsibilities have evolved as well. Originally created to fund parking-related infrastructure and services, CAGID now faces a set of challenges that reflect both the district’s expanded role and the changing needs of the area. The following issues emerged through this process and highlight key considerations for future management, funding, and strategic direction: • Mission Expanded Beyond Parking: CAGID was originally established to finance and manage parking infrastructure, operations, and maintenance in Downtown Boulder. Over time, however, the district has taken on responsibilities that extend beyond this initial mission, including support for downtown vitality and broader public realm improvements. This expansion has created a misalignment between the district’s purpose, expectations, and its current funding and governance structures. • Lack of Clarity Between CAGID and BID Services: CAGID and the Downtown Boulder Business Improvement District (BID) share overlapping geographies. While this has certain advantages, and the partnership between CAGID and the BID is effective, it has led to confusion among property and business owners and the general public about which organization provides which services. This lack of clarity complicates stakeholder engagement and limits accountability and transparency in service delivery. • Fund and Revenue Reporting and Administration: There are administrative challenges in how CAGID’s funds are managed and reported, particularly due to the complexity of handling multiple revenue sources. Non-assessment revenues require detailed tracking, coordination across city departments, and ongoing staff effort, which has resulted in a significant administrative burden. These complexities not only strain internal city resources, but can also make financial oversight more difficult and obscure a clear understanding of how funds are being allocated to support district priorities. • Capital Maintenance Liability: CAGID is responsible for maintaining key public assets such as parking structures. As this infrastructure ages, capital maintenance needs have grown, but current funding levels are not sufficient to keep pace. This creates a growing liability that could impact the district’s ability to sustain essential services over time. • Downtown Maintenance Needs Exceed CAGID Funding Capacity: Beyond parking, Downtown Boulder’s streetscape, lighting, signage, and public spaces require ongoing upkeep. However, CAGID’s existing budget is increasingly stretched thin, leaving limited capacity to address these broader maintenance needs. • Broader Underfunded Capital Needs: Looking ahead, CAGID’s current funding structure and governance mechanisms are not equipped to meet the district’s future infrastructure and capital improvement needs. • Economic Stagnation in Downtown Boulder: In addition to structural and administrative challenges, as evidenced by the key market indicators above, Downtown Boulder is experiencing signs of economic stagnation. Shifts in work and retail patterns, 98 changing consumer behavior, and new demands on public infrastructure resulting from the pandemic are a key challenge to Downtown’s vitality moving forward. PRIORITIES FOR THE FUTURE In reviewing recent and relevant plans—including the Boulder Valley Comprehensive Plan (2020 Mid-Term Update), Transportation Master Plan (2019), Parks and Recreation Master Plan Update (2022), Downtown Boulder Vision Plan (2022), and the Central Broadway Corridor Design Framework (2017)— strong alignment between district priorities and the community’s long-term vision for Downtown Boulder was revealed. As CAGID’s parking garage construction debt is now retired, there is an opportunity to realign its financial priorities to meet evolving community and district needs moving forward. While staff and community partners have made substantial investments in beautification, quality of life, and connections across Downtown and the Hill since April 2024, there are several recurring themes from prior plans that remain priorities for future investments within the CAGID area: •Pearl Street Improvements: The Pearl Street Mall, a vital contributor to Downtown Boulder’s economic and cultural vibrancy, is celebrating its 50th anniversary in 2027. As a result, several recent planning efforts have called for renewed investment in the Mall’s appearance, including a refresh of the streetscape, activation of key blocks like the 1300 and 1400 blocks with new amenities, art, and gathering spaces, and other place enhancements that reflect evolving community expectations. There are also infrastructure and utilities maintenance needs that must be addressed. These improvements aim to ensure that the Pearl Street Mall remains a welcoming and dynamic destination for residents and visitors alike. •Civic Area Redevelopment: With the upcoming relocation of city services to the Western City Campus in 2027, several publicly owned properties in the Civic Area— between Canyon Blvd and Arapahoe Ave from 9th to 14th Street—will become available for redevelopment. This transition presents a once-in-a-generation opportunity to activate the Civic Area with a mix of civic and commercial uses that support activation and vitality, further strengthening Downtown’s role as a central gathering place. While the Civic Area lies outside of CAGID’s boundaries, recent downtown planning efforts have identified it as a significant opportunity area and the future of this area should be considered as part of CAGID’s future role. •Safety: Ensuring Downtown consistently feels and is safe remains a top priority for maintaining its appeal, functionality, and overall vitality. Perceptions of safety have the most direct impact of any factor on vibrancy, tourism, and, by extension, Downtown’s economic conditions and social wellbeing. To address this concern, planned upgrades to CAGID parking garages include security enhancements that support a safe and accessible environment for all users. These efforts are complemented by broader goals to improve pedestrian and cyclist safety through better lighting, visibility, and infrastructure design. 99 •Connectivity to the Hill: Improving the physical and experiential connection between Downtown and University Hill is a recurring theme across multiple recent city plans. While this has not always been a community priority, the new hotel and convention center investments along the Broadway corridor, in addition to planned improvements to the public realm, have helped to bridge the longstanding gap between these two activity centers. Looking forward, additional opportunities exist to enhance multimodal access, particularly through improved bike and pedestrian routes, to strengthen the link between these districts. This will be critical to fostering not only physical connectivity, but economic vitality along the Broadway corridor. •The Future of Downtown Office Space: Downtown Boulder, like many urban centers, is reevaluating the role and future of office space in a post-pandemic landscape. As work patterns shift, there is growing momentum to reimagine vacant or underutilized office spaces for flexible, innovative, or mixed uses that respond to evolving workforce needs and support Downtown’s long-term vitality. •Capital Improvements: In addition to Pearl Street Mall improvements, there are a series of infrastructure upgrades that have been recommended in recent planning efforts. Key capital projects include parking garage renovations, undergrounding power lines for aesthetic and safety benefits, and implementation of the Affordable Commercial Capital Program to support small businesses. These investments address aging infrastructure while aligning with Boulder's broader goals for sustainability and economic inclusion. •Downtown Maintenance and Operations: Ongoing maintenance is essential to preserving the quality and functionality of Downtown Boulder’s public assets. However, the growing scope of maintenance needs, particularly for parking structures, streetscapes, and public spaces, in addition to high inflation and other exogenous challenges, exceeds CAGID’s current funding capacity. As Downtown evolves, securing sustainable resources for operations and upkeep will be critical to maintaining the area’s attractiveness and supporting the needs of businesses, property owners, and the broader community. 100 UNIVERSITY HILL GENERAL IMPROVEMENT DISTRICT (UHGID) BACKGROUND UHGID was established in 1970 to support commercial activity in the University Hill, or “the Hill,” area by acquiring land for public parking and providing needed maintenance services. UHGID currently owns and manages the 42-space off-street parking lot at 14th Street and College Avenue, known as the “14th Street Lot.” It previously owned a lot at Broadway and Pleasant Street, which was sold in 2021 and redeveloped into the Boulder Moxy hotel. Like CAGID, UHGID was created to bolster commercial vitality through parking infrastructure, management, and maintenance; however, the district has historically struggled to generate sufficient revenue to meet its operational needs and now relies on additional city subsidies to fund its services. In 1985, UHGID’s original scope was expanded to include a broader range of services that support the functionality and appeal of the district. Today, UHGID supports programs such as: •Pedestrian, bicycle, and transit amenities and incentives: UHGID has aided in enhancing multimodal infrastructure on the Hill. •Placemaking and aesthetic enhancements: UHGID supports placemaking efforts through services and initiatives landscaping, art, enhanced public realm design elements, and maintenance of streetscape amenities. •Hill Ambassador Program: In partnership with the Downtown Boulder Partnership and the University of Colorado Boulder, UHGID supports the Hill’s Ambassador Program, which improves safety and cleanliness through services like trash removal, graffiti abatement, and visitor assistance. Today, t he Hill remains a strategic focus for the city due to its location as a major gateway into Downtown Boulder, its proximity to the University of Colorado Boulder, as a neighborhood commercial area, and the addition of two new hotels and a convention center set to open in August 2025—all of which are increasing visibility and visitor traffic to the area. UHGID SNAPSHOT YEAR ESTABLISHED 1970 ASSESSMENT METHODOLOGY 1.691 Mill Levy TOTAL ANNUAL DISTRICT REVENUE (2024) $434,670 TOP SOURCES OF FUNDS (2024) 1.Transfers in – 62% 2.Parking revenue – 18% 3.Interest & investment earnings – 11% TOP USES OF FUNDS (2024) 1.Parking & access maintenance – 39% 2.Administration – 21% 3.Customer Service – 12% 101 Governance The business affairs of UHGID are administered by the University Hill Commercial Area Management Commission, which is composed of five City Council-appointed members with five- year terms. Three of those members must own real or personal property, reside in the district, or represent a real or property owner in the district and two members are for citizens-at-large. partnerships Key UHGID partnerships include: • The Hill Merchant Association (“The Hill Boulder”): The Hill Boulder is a 501(c)3 nonprofit “committed to renewing vibrancy of arts and culture, producing community events, and promoting year-round business in the University Hill district.” • Hill Reinvestment Working Group (HRWG): The Hill Reinvestment Working Group is a neighborhood committee of members that represent city departments, the University Hill Neighborhood Association (UHNA), the Boulder Area Rental Housing Association (BARHA), several University of Colorado departments, the Inter-Fraternity Council (IFC) and Panhellenic. The group collaborates monthly to share information, build relationships, design programs, evaluate processes and recommend changes and improvements around ongoing issues on the Hill. • University of Colorado Boulder: The University of Colorado’s flagship campus is located across Broadway from UHGID. Students, faculty, and visitors of the university frequently visit the district. KEY MARKET INDICATORS Key market indicators for UHGID point to clear signs of economic stagnation. Since 2020, growth in both property and sales tax revenues have either plateaued or declined. While most of the Hill’s property value appreciation over the last ten years occurred prior to 2020, values rose 15.9% between 2019 and 2024. This growth is below the 23% increase in the CPI, indicating a real decline in value. Notably, 14% of that growth occurred in a single year (2023–2024) with the addition of the Moxy Boulder hotel, suggesting that the overall 2019-2024 increase may overstate the district’s underlying economic performance. In 2024, sales tax revenues remained 11.5% below 2019 levels, and although retail vacancy has held under 10%, anecdotal evidence indicates ongoing storefront turnover that predates the pandemic. Like Downtown, the Hill continues to face challenges related to recovery, stability, and long-term vitality—underscoring the need for strategic reinvestment and focused support to help reinvigorate the district’s economic base. DISTRICT CHALLENGES UHGID faces a range of financial and operational challenges that impact its ability to meet the community’s evolving needs. While there is strong alignment around the priorities for University Hill—such as public realm improvements, safety enhancements, and greater economic vitality— the district lacks the financial capacity to implement many of these goals without additional support. Specific challenges identified in the Improvement District Analysis include: 102 •Revenue Limitations and Reliance on Subsidies: UHGID was originally designed to fund parking and maintenance needs through self-imposed property taxes. However, current assessment rates, which comprise just 9% of UHGID’s overall revenue, are insufficient to cover the scope of today’s services. As a result, the district relies on subsidies from the city’s General Fund to maintain even baseline operations, which limits its ability to expand services or make strategic investments. •Misalignment Between Priorities and Funding Capacity: Community priorities for improving the Hill, which are well documented and consistently supported, include improved streetscapes, enhanced safety measures, and support for local businesses. Despite this clarity, the district does not generate enough revenue to meaningfully advance these goals. This funding gap restricts UHGID’s ability to respond to both long-standing and emerging challenges in the area. •Economic Stagnation: In addition to administrative and financial challenges, as evidenced by the key market indicators above, UHGID is and has long been experiencing signs of economic stagnation. High business turnover, a lack of diversity in offerings beyond undergraduate-serving uses, safety concerns, limited activation, and lagging post- pandemic economic recovery present ongoing challenges for the district. PRIORITIES FOR THE FUTURE A range of past planning efforts by the City of Boulder directly relate to and influence the UHGID area. These efforts reflect a consistent focus on enhancing the public realm, improving multimodal connections to the University of Colorado Boulder and Downtown, and strengthening the Hill’s role as a vibrant commercial and cultural destination. Plans reviewed include the Boulder Valley Comprehensive Plan 2020 Mid-Term Update, Boulder Transportation Master Plan (2019), Boulder Parks and Recreation Master Plan Update (2022), ULI TAP Report for the 14th Street Lot (2023), Downtown Boulder Vision Plan (2022), University Hill Alley Enhancement Plan (2018), and the Central Broadway Corridor Design Framework (2017). Recognizing the importance of the Hill as a city priority, Boulder has taken active steps to invest in the district’s beautification, livability, and connectivity. Since April 2024, city staff and community partners have implemented a range of improvements, including new wayfinding signage, creative crosswalks, enhanced landscaping, sidewalk upgrades, expanded Downtown Ambassador services, and better multimodal links between the Hill and Downtown. Looking ahead, the 2025 City budget includes $1.4 million dedicated to further investments in the area—most notably, upgrades to the Broadway medians adjacent to the Hill. These enhancements will include irrigation repairs, new plantings, and potential art installations. In addition to these ongoing efforts, past planning processes have identified several key community priorities for the Hill, including: •Streetscape and Public Realm Improvements: Enhancing the Hill’s public realm is a top priority to support a more welcoming, comfortable, and active environment for residents, visitors, and businesses. Planned near-term investments include a streetscape renovation along Broadway aimed at improving lighting, landscaping, crosswalks, and furnishings, 103 which will be informed by public engagement later in 2025. Additional near-term improvements include a painted crosswalk at 13th and Pennsylvania, and sidewalk upgrades on 11th Street to strengthen pedestrian connections to Downtown and the Civic Area. Together, these improvements will elevate the character and functionality of the Hill as a pedestrian-friendly district. • Safety: Cleanliness and safety have emerged as key concerns from both community members and businesses on the Hill. While the Hill Ambassador Program provides valuable support, infrastructure and operational gaps, particularly in alleys and lower-visibility areas, limit the district’s ability to feel consistently safe and inviting. Upcoming projects and ongoing conversations are focused on addressing these issues through environmental design, activation strategies, and enhanced maintenance to create a safer and more enjoyable district for all. • Connectivity to Downtown: Strengthening the link between the Hill and Downtown Boulder is a recurring goal across city plans, particularly with the new hotel and convention center development along the Broadway corridor. Improvements to pedestrian and bike infrastructure, including upcoming work along 11th Street and planning for a cultural corridor on 13th Street, are intended to help close key gaps and foster more seamless multimodal movement between districts. • Diversifying Beyond an Undergraduate Destination: As the Hill evolves, there is growing interest in broadening its identity beyond an undergraduate-focused commercial area. Supporting a more diverse mix of retail, services, and cultural amenities can help the district better reflect the surrounding neighborhoods and broader Boulder community. • Strengthening Overall Economic Vitality: The Hill has experienced high rates of business turnover and overall economic stagnation compared to other areas of the city. Recent developments, such as the new Moxy Boulder and Limelight Hotels and upcoming conference center, signal momentum. However, sustained investment in public realm improvements, activation, and safety will be essential to supporting long-term economic vibrancy in this area. • Redevelopment of the 14th Street Lot: The UHGID-owned lot at 14th & College represents a significant redevelopment opportunity for the district. In the short-term, activation strategies such as pop-up markets, food trucks, and micromobility hubs can bring immediate energy to the space. Over the long-term, the site holds potential for mixed-use development, with concepts ranging from retail and housing to artist studios or incubator spaces. As a centrally located property under public ownership, this site could play a catalytic role in the Hill’s revitalization. 104 BOULDER JUNCTION ACCESS DISTRICTS (BJAD) BJAD was established in 2010 to support Boulder’s first transit-oriented redevelopment, following the vision outlined in the City’s 2007 Transit Village Area Plan. Comprised of two overlapping GIDs—BJAD - Parking (BJAD-P) and BJAD-Transportation Demand Management (BJAD-TDM)—the district was created to promote sustainable development by supporting parking infrastructure and encouraging multimodal transportation options. BJAD -P oversees parking management in the area, including shared ownership of the parking garage at Depot Square, while BJAD-TDM focuses on reducing reliance on single-occupancy vehicles through investments in transit incentives and active transportation. Together, the districts have supported a walkable, transit-rich neighborhood by funding programs such as: • Pedestrian, bicycle, and transit amenities and incentives: Providing Boulder Clean Commute incentives and RTD EcoPasses, Boulder B-Cycle Memberships, and CarShare vouchers for residents and employees of the district • Education & Community-Building: Hosting events to inform residents and employees of the benefits they may receive from living and/or working in the district and educate the public about the growth and development of the area • Sustainability initiatives: Promoting sustainable transportation and eco-friendly development to create a healthier and more livable environment Governance BJAD is managed by a joint commission that represents both BJAD-Parking and BJAD-TDM. Each BJAD -P SNAPSHOT YEAR ESTABLISHED 2010 ASSESSMENT METHODOLOGY 10 Mill Levy TOTAL ANNUAL DISTRICT REVENUE (2024) $631,370 TOP SOURCES OF FUNDS (2024) 4.Property tax – 69% 5.Parking revenue – 27% TOP USES OF FUNDS (2024) 1.Cost allocation & transfers – 45% 2.Administration – 23% 3.Capital Improvement Plan – 21% BJAD -TDM SNAPSHOT YEAR ESTABLISHED 2010 ASSESSMENT METHODOLOGY 5 Mill Levy TOTAL ANNUAL DISTRICT REVENUE (2024) $570,470 TOP SOURCES OF FUNDS (2024) 1.Property Tax – 96% TOP USES OF FUNDS (2024) 1.District management – 73% 2.Administration – 15% 105 five-member commission is composed of five Council-appointed members with five-year terms. Three of those members must own real property or represent a real property owner in the district and two members are city electors who may live inside or outside of the district. partnerships Key BJAD partnerships include: •Regional Transportation District (RTD): RTD operates public transit services in the Denver Metro area, including in Boulder at Boulder Junction. While RTD has not been operating bus service to and from Boulder Junction due to pandemic disruptions, RTD is committed to reopening the transit station later this year, which will connect the district to other parts of Boulder and the region. •Boulder Chamber Transportation Connections (BCTC): BCTC is 501(c)(3) nonprofit that is one of eight Transportation Management Organizations (TMOs) in the Boulder-Denver metro region. BCTC services include sustainable transportation planning, employee commute options surveys, education and consulting, commute logistics, outreach events, advocacy, and local and regional leadership. In Boulder Junction, BCTC administers the BJAD EcoPass Program and helps promote micro mobility options. Additionally, BCTC has partnered with Community Vitality to host events related to raising awareness of Boulder Junction as a district and the transportation benefits it has to offer. KEY MARKET INDICATORS In contrast to the more established, yet challenged contexts of CAGID and UHGID, BJAD shows relatively healthy market indicators. Although BJAD has limited office inventory, vacancy rates remain very low (approximately 3%), indicating strong demand. Multifamily and retail vacancies are currently around 10%, which is relatively stable for an emerging mixed-use district. Property values within BJAD have seen significant increases between 2019 and 2024 (268%), driven by ongoing new development and investment in the area. These trends suggest that BJAD’s economic fundamentals are strong and well-positioned for continued growth through Boulder Junction Phase II redevelopment. CHALLENGES As Boulder Junction transitions from early-stage development into a more mature, mixed-use district, BJAD must navigate a set of emerging challenges that reflect its evolving context. Originally designed to support parking and multimodal transportation infrastructure, BJAD now operates in a more complex environment—marked by overlapping governance structures, shifting development patterns including Boulder Junction Phase II development, and infrastructure needs that differ from those envisioned at the district’s inception. The following challenges highlight key areas where BJAD must adapt to remain effective, responsive, and aligned with the district’s long-term vision and goals: 106 • Funding Levels Exceed Current Planned Program and Capital Needs: BJAD currently collects more revenue than is required to support its planned programming and capital projects, raising important questions about financial efficiency and responsible stewardship of taxpayer funds. Without a clear pipeline of new projects or services, the district risks accumulating unused reserves or deploying resources inefficiently. This dynamic has drawn scrutiny from the BJAD Commission, particularly regarding the existing mill levies—most notably in BJAD-P—as stakeholders debate whether current rates are justified. Given that revenues exceed planned expenditures, there is an opportunity to reevaluate the mill levies and consider adjustments that better reflect the district’s actual needs, potentially reducing the tax burden on property owners while preserving the district’s ability to fund essential services. • Overlapping Districts and Resulting Administrative Burden: BJAD is composed of two overlapping general improvement districts, BJAD -P and BJAD-TDM, which creates significant administrative complexity. Each district has its own taxation structure, reporting requirements, and budgetary process, despite serving a largely unified purpose. This structure has led to inefficiencies in governance, confusion among stakeholders, and difficulty in recruiting stakeholders to serve on the joint advisory commission. • Role of the District in Boulder Junction Phase II Is Unclear: As planning begins for Boulder Junction Phase II—located west of the existing rail tracks—the role of BJAD within this expansion area remains undefined. New development presents opportunities to extend the district’s transportation demand management and parking programs, but it also requires thoughtful integration to avoid duplicative or misaligned efforts. PRIORITIES FOR THE FUTURE • Walkable, Transit-Rich District: Boulder Junction was intentionally designed as a transit- oriented development due to its strategic location near the railroad tracks, with long-term aspirations for rail service to Denver and regional destinations via Front Range Passenger Rail. Moving forward, prior planning efforts have envisioned that high-density, mixed-use development that supports walking, biking, and transit use will continue. RTD is expected to reopen the Boulder Junction transit station and bus terminal in 2025, further reinforcing the transit-oriented nature of this area with improved multimodal regional accessibility. • Boulder Junction Phase II: Boulder Junction Phase II represents the next step in the area’s evolution, and is envisioned as an expansion of Phase I’s mixed-use redevelopment and neighborhood character. Though currently outside the BJAD boundary, there is potential to expand the district to include this area, enabling consistent infrastructure, funding, and programming strategies across the full Boulder Junction footprint. Clarifying BJAD’s role in Phase II will be critical to ensuring cohesive planning, equitable investment, and consistent service delivery across the Boulder Junction area. • Parking and Transportation Demand Management (TDM): Boulder Junction is a model for multi-modal planning, with dedicated funding structures for both parking (BJAD-P) and TDM programs (BJAD-TDM). These programs support mobility options that reduce reliance on 107 single-occupancy vehicles, and are anticipated to continue doing so regardless of potential BJAD -P and BJAD-TDM consolidation. First- and last-mile connections remain a focus to ensure that residents, employees, and visitors can access the district easily and sustainably. • Capital Improvements: Several near-term capital projects are set to enhance infrastructure and support the Boulder Junction’s multimodal goals. A branding and wayfinding signage project is underway to improve navigation and district identity. The Core Arterial Network (CAN) update for 30th Street will add protected bike lanes, intersection improvements, and upgrades for pedestrians and transit users. Additionally, a new two -acre pocket park near the historic depot is planned, with construction potentially beginning by 2026. • Increasing Vibrancy: Boulder Junction’s vision includes fostering a vibrant, inclusive commercial environment. A commercial covenant at Boulder Commons ensures that a portion of ground-floor retail space is leased below market rates to nonprofit or local and independent businesses, supporting a diverse business mix. Future investments in public space, amenities, and cultural programming and events are envisioned to further enhance the area’s identity and appeal for a wide range of users. 55TH & ARAPAHOE STATION AREA The 55th & Arapahoe Station Area, located in the larger East Boulder subcommunity area, and pictured in the map below, is one of the city’s employment hubs. Anchored by institutions such as the Boulder Community Health Foothills Medical Campus, Boulder Municipal Airport, Flatirons Business Park, Valmont City Park, and the University of Colorado Boulder’s East Campus, the East Boulder area supports a mix of employment sectors, including research and development, healthcare, arts and culture, aerospace, and technology. Despite the robust employment base, the area currently lacks residential options, meaning that nearly all workers commute in daily. While there are some multifamily residential units on the south side of Arapahoe Ave, existing housing supply within the Station Area boundary is limited. The nearby San Lazaro Mobile Home Park, just outside Boulder City limits, is near the Station Area and home to approximately 460 residents. Additionally, the recently completed Weathervane Apartments, a mixed-income community located just east of the Station Area boundary on Arapahoe Ave, has added 317 more housing units to the area. 108 The physical layout of the area reflects a legacy of auto-oriented planning. Wide roads, large blocks, and limited pedestrian infrastructure define much of the environment. Arapahoe Avenue, designated as State Highway 7, runs through the area and is one of the city’s busiest arterials. East Boulder, as described by many community members, feels like a series of disconnected “islands” that are active during the workday but largely quiet during evenings and weekends. Land use patterns consist primarily of older commercial and industrial buildings, many of which are aging but still in active use. Though reinvestment has occurred in some properties, new construction has been relatively limited, and the area lacks the pedestrian-friendly street grid and public amenities found in other parts of Boulder. The 55th & Arapahoe area is now poised for significant transformation. The area surrounding the intersection of 55th Street and Arapahoe Avenue is the planned location of a future State Highway 7 Bus Rapid Transit (BRT) regional station. This major mobility investment will bring high-frequency transit service connecting Boulder to I-25 and beyond, and will be accompanied by streetscape and multimodal infrastructure improvements. Together, these enhancements position the Station Area as a key opportunity site for transit-oriented development (TOD) within East Boulder’s evolving commercial and employment core. The East Boulder Subcommunity Plan and 55th and Arapahoe Station Area Master Plan, both completed in 2022, envision this area evolving into a more dynamic, mixed-use district with enhanced transportation infrastructure, improved amenities, and new housing opportunities. Implementing new governance mechanisms and investment strategies will be essential to support long-term economic growth and ensure alignment with these plans’ broader vision. LEGEND: 55TH & ARAPAHOE STATION AREA 109 KEY MARKET INDICATORS The 55th & Arapahoe Station Area has seen a substantial increase in property values over the past decade, with total assessed value growing by 134% since 2014 (not adjusted for inflation). The area is primarily characterized by light industrial and flex space, encompassing more than 700,000 square feet. Industrial vacancy rates, which spiked during the pandemic, have begun to stabilize. Office space is the second largest real estate category by inventory, comprising 11 buildings and just over 230,000 square feet. However, this sector has been significantly underutilized in recent years, with vacancy rates climbing to nearly 19% since the pandemic. Retail is limited in the area, with only about 75,000 square feet of space, which also experienced elevated vacancies due to pandemic-related impacts. CHALLENGES Several key challenges were identified through the 55th and Arapahoe Station Area Master Plan process, including: •Disconnected Street Network and Limited Mobility Options: The northwest portion of the Station Area has large blocks and lacks a connected street grid, resulting in limited pedestrian and bike connectivity. This auto -oriented layout restricts access, safety, and comfort for those walking or biking, particularly in the absence of north–south bicycle infrastructure. •Growing Economic Demand Without New Construction: The area has experienced notable job growth—particularly in healthcare, industrial, and flex uses—despite limited new development. While this reflects market strength and efficient reuse of existing spaces, it also signals potential pressure on aging building stock, with growing needs for modern infrastructure and space configurations as businesses grow and evolve. •Involuntary Displacement: As interest in redevelopment grows, so do concerns about the displacement of existing businesses. Without thoughtful planning, future investment may inadvertently push out the very people and uses that have shaped the district’s character to -date. •Energy Demand and Decarbonization Challenges: Some of the area’s major employers, including medical and manufacturing facilities, have significant energy demands. The existing built environment lacks renewable infrastructure and contributes to urban heat island effects. Addressing these challenges will be critical to achieving Boulder’s decarbonization goals. •Infrastructure Gaps and Governance Needs: There is currently no coordinated governance model in place to manage infrastructure, parking, or forthcoming transit- oriented investments in the Station Area. Prior planning efforts have recommended exploring tools such as a special taxing district (GID, BID, URA, or similar) that help deliver long-term investment, branding, and operations support aligned with community priorities. 110 PRIORITIES FOR THE FUTURE The East Boulder Subcommunity Plan and 55th and Arapahoe Station Area Master Plan include several key priorities, informed by extensive community engagement, for the future of the 55th & Arapahoe Station Area: •A Mix of Uses: The Station Area’s existing light industrial, medical, and office base provides a strong foundation for mixed-use redevelopment. Recent zoning code updates to this area will allow for a broader range of uses, including a range of housing types, neighborhood- serving retail, and active ground-floor uses to support a community where people can live, work, and shop. •Multimodal Investment: The planned BRT station at 55th and Arapahoe offers a rare opportunity to anchor compact, high-intensity transit-oriented development. Increased density, paired with reimagined parking strategies and investments in shared mobility options, can support regional transit access while reducing single-vehicle dependence. •Public Realm Enhancements: As larger scale redevelopment opportunities occur, there is an opportunity to complete the street grid and introduce pedestrian-scale infrastructure. Investments in sidewalks, bicycle facilities, and green/open space could also help create a safer and more comfortable public realm while building a distinct neighborhood identity. •TDM Strategies: The area’s concentration of employment could support pilot programs to support micromobility and commuter-focused TDM programs. These strategies, including shared parking and curbside management, will be critical to reducing congestion and making the most of limited public space. •Climate Goals: Future development can support Boulder’s climate goals through initiatives like rooftop solar, energy-efficient building materials, and urban greening to reduce emissions and mitigate urban heat island effects. Where possible, redevelopment or reuse of existing high use facilities could also focus on improving the energy performance. •Prevent Involuntary Displacement: A strong emphasis on equity will be essential to preventing involuntary displacement and gentrification as the area grows and changes. Policies that support affordable commercial space, retain essential services, and protect vulnerable tenants can help ensure the benefits of growth are widely shared by both existing and new community members. Partnerships and incentive programs can help align private development with long-term community goals. 111 04. RECOMMENDATIONS As documented in the existing conditions summaries, existing city funding sources, including GIDs, are not adequate to implement the community’s vision for Boulder’s commercial areas. Complementary to the city’s long-term financial strategy work, this Improvement District Analysis provides financial and structural options and recommendations to sustainably support the vibrancy of Boulder’s commercial areas for the next several decades. Below are recommendations designed to optimize the structures, responsibilities, and financial resources of current districts, while also exploring new tools and areas for potential district creation. These recommendations are sorted into Immediate Actions (6-12 months), Short-Term Actions (12-24 months), and Long-Term Actions (Beyond 24 months). The goal of these recommendations is to address existing funding gaps for planned projects and needed services, and to ensure that Boulder’s commercial areas remain vibrant, well-supported, efficiently managed, and prepared for future growth. IMMEDIATE ACTIONS (6-12 MONTHS) EXPLOR E A DOWNTOWN DEVELOPMENT AUTHORITY (DDA) FOR BOULDER’S CORE DISTRICTS While Boulder’s existing core GIDs (CAGID and UHGID) provide critical infrastructure and operational support to each district, there is growing recognition that additional tools are needed to support future growth, connectivity, and economic vibrancy throughout Boulder’s core districts. A Downtown Development Authority (DDA) is one compelling option, and offers the opportunity to not only provide additional support to the CAGID and UHGID areas, but to enhance focus on the areas in Downtown Boulder that are undergoing significant change, including the Civic Area, the Western City Campus, and the connections in between. What is a DDA? A Downtown Development Authority is a state-enabled, quasi-governmental entity designed to support revitalization efforts in a city’s central business district. A DDA brings together property owners, businesses, residents, and local government to establish a long-term, self-sustaining organization that finances and manages projects aimed at improving the area’s attractiveness, functionality, and economic health. A central requirement of a new DDA is the adoption of a Plan of Development, which outlines the district’s vision, priorities, and strategy for investments. DDAs are funded through two main mechanisms: RECOMMENDATION FOR: CAGID UHGID 112 • Tax Increment Financing (TIF): Captures future increases in sales and property tax revenue within the district without raising current tax rates. These funds are then reinvested into the area to finance capital projects, maintenance, and ongoing services. • Mill Levy Assessment (up to 5 mills): Subject to voter approval, a property assessment of up to 5 mills can be leveraged to fund DDA administration and operations. TIF is activated by setting a “base” property valuation at the time the DDA’s Plan of Development is adopted. Any property or sales tax revenue growth above this base—referred to as the increment— is directed to the DDA for a 30-year term, with the option to renew for two additional 20-year periods. DDA s have bonding authority, but do not have taxing power beyond the voter-approved 5 mills and cannot exercise eminent domain. Additionally, unlike Urban Renewal, DDAs do not require findings of blight in order to utilize TIF. DDAs are governed by a board of 5 to 11 members, made up of stakeholders from within the district—business and property owners, residents, and often a City representative—who are appointed by City Council. City Council must also approve any bonds issued by the DDA. Why Now? A DDA is a proven tool to reinvigorate economic activity—particularly in areas like Downtown and The Hill, which face lingering challenges recovering from the impacts of the pandemic and diminishment of property value as a result. As Boulder considers how best to support its central business district, the city is also approaching a pivotal moment in its evolution. Several areas in and around Downtown are poised for transformation, and a DDA could provide long-term, sustainable funding to address challenges and unlock opportunities: • The Civic Area, centrally located in Downtown Boulder, is a cornerstone of the city’s identity. However, its full potential as a vibrant public space and community gathering point remains unrealized. Despite its central location, the Civic Area lacks consistent activation, amenities, and public safety infrastructure. Phase II of its redevelopment presents an opportunity to revitalize the space with improved programming, recreation facilities, year- round cultural activities, and stronger connections to Boulder Creek. A DDA could help close existing operational and funding gaps, such as expanding the Ambassador Program to this area and upgrading infrastructure to support regular public events. • The Western City Campus in the Alpine-Balsam area is another major, upcoming investment into Boulder’s civic infrastructure. Once completed, the site will house various city services and is expected to attract significant daily foot traffic from staff and visitors. However, the surrounding infrastructure—especially in terms of mobility and access— requires upgrades to support this growth. Improvements in walkability, bike and transit access, and better integration with nearby commercial zones will be critical. A DDA could help fund these enhancements and create a seamless connection between the Hill, the Civic Area, Downtown Boulder, and Western City Campus. As City Council recently noted in their review of the Civic Area Phase II, significant investment is needed to fully realize Boulder’s goals for vibrant, inclusive, and well-connected public spaces. 113 However, no current funding mechanism exists to comprehensively support these improvements across the city’s core districts. A DDA could fill that gap by providing dedicated, flexible resources for capital projects, operations, maintenance, and economic development across Boulder’s core districts. It would also position Boulder to meet increasing expectations tied to events like the arrival of the Sundance Film Festival in 2027, which will bring major attention, visitors, and pressure on downtown infrastructure and services. Why a DDA? While there are other district financing tools that could be used in this area, including Urban Renewal and expansion of the existing GIDs, further exploration of a DDA is recommended for several key reasons: •The geographic area has diverse and complex needs, including infrastructure upgrades, operational support, maintenance, and programming. •The economic and social benefits of improvements in Downtown’s core would extend well beyond a single commercial area or stakeholder group. •A DDA offers a robust governance model that can support long-term investment and coordination. •Peer cities across the region have successfully implemented DDAs over the last 40+ years, demonstrating replicable models for Boulder. Overall, the DDA tool is well-suited to the goals at hand, particularly when paired with strategic engagement, financial planning, and phased implementation. A prospective DDA would need to be closely coordinated with existing entities such as the City of Boulder, CAGID, UHGID, and the Downtown Boulder BID to minimize duplication, limit tax burdens, and ensure effective management across overlapping areas. Timing Considerations The timing of a potential DDA is critical. TIF revenues are calculated based on the tax base at the time the Plan of Development is adopted. For maximum benefit, this plan should be adopted between the November 2026 DDA formation vote and December 31, 2026, just ahead of Sundance 2027, which is expected to significantly boost sales tax revenue. Another important consideration is the impact of TIF on overlapping taxing entities, including Boulder County, the Boulder Valley School District, and the Boulder Public Library District. TIF would divert a portion of future tax revenue increases from these entities to the DDA, making early and ongoing collaboration with these stakeholders essential. Action Steps To explore the feasibility of forming a DDA, a phased approach over the next 12–15 months is recommended: •Phase 1: DDA Framework & Priority Setting o Define a study area for the DDA formation effort that includes Downtown, University Hill, and the Alpine Balsam district 114 o Compile a property database and work with the City and Assessor to determine property values and sales o Conduct periodic creative workshops with the DDA Planning Group o Develop educational materials that provide a concise overview of how a DDA works o Conduct interviews and small group meetings with organizations and key stakeholders from each affected area to inform them on DDA options and seek priorities (i.e. Downtown Management Commission, UHGID, Downtown Boulder, etc.) o Conduct best practice research and orchestrate a tour of comparable DDAs along the Front Range (i.e. Fort Collins, Longmont, Colorado Springs, others to be considered) o Evaluate the pros, cons, and financial implications of wrapping the central business district’s existing GIDs (i.e. CAGID and UHGID) into a new DDA o Develop a plan framework, including recommended boundaries and sequencing for moving forward to create a DDA for Boulder o Conduct a study session with Boulder City Council to offer findings from initial research and seek policy guidance. •Phase 2: Plan of Development o Evaluate revenue options, including projections for tax increment financing and/or assessments, and help city staff facilitate meetings with taxing partners o Conduct periodic creative workshops with the DDA Planning Group o Broad outreach efforts to seek improvement priorities from all affected stakeholders within the DDA boundaries in a variety of formats. Meeting formats could include small groups, Open Houses, and participation in existing community events and venues. The City’s Racial Equity Instrument would be utilized to make sure that engagement is inclusive and responsive to city goals. o Design and interpret an online survey to seek downtown improvement priorities from all Boulder residents. o Draft and design a Plan of Development document that identifies a menu of service and improvement options and supporting graphics to illustrate potential improvements o Review draft plan concepts with the DDA Planning Group and Downtown stakeholders at-large o Conduct a study session with the Boulder City Council to lay out the draft Plan of Development and path forward. •Phase 3: Legal Process to Form DDA o Database development and management to identify qualified electors and associated assessment costs (if any) o Draft and design educational materials to inform stakeholders of the benefits and costs associated with the DDA 115 o Graphic summary of the Plan of Development to visually convey improvement and project opportunities o Legal work to prepare for and advance district formation, including draft ordinance, and management of the TABOR election o Coaching to help district proponents inform stakeholders on the benefits of the DDA and clarify TABOR ballot options. A prospective DDA presents the opportunity to secure a long-term, sustainable funding mechanism to support Boulder’s core districts, and could help create a more vibrant, accessible, and resilient city center for decades to come. CLARIFY CAGID VERSUS BID SERVICES The current overlap between the services provided by CAGID and the BID creates inefficiencies and confusion among stakeholders in Downtown Boulder. By clearly defining and aligning the responsibilities of each district, the city can eliminate redundancies, improve service delivery, and provide clarity to businesses about where to seek support. This clarification will also help streamline operations, making the districts more effective and responsive. A comprehensive inventory of services will be needed, along with input from key stakeholders such as the Downtown Boulder Partnership and city staff. Action Steps: •Conduct a service inventory to assess overlap and gaps. •Engage with stakeholders, including Downtown Boulder Partnership, to draft an implementation plan. ANALYZE DISTRICT FEASIBILITY FOR 55TH & ARAPAHOE Although the 55th & Arapahoe area is on the cusp of major transformation, driven by planned infrastructure investments and recent zoning changes in the Station Area, there is currently no dedicated governance structure in place to coordinate place management, sustain future improvements, or address parking and transportation demand beyond existing city services. Exploring the feasibility of Boulder’s GID model—which has proven effective in areas such as CAGID, UHGID, and BJAD—is a logical next step. A GID could provide the long- term investment, branding, and operational support needed to align with and advance community priorities. If there is not sufficient stakeholder support for forming a GID or another type of assessment-based district (like a BID), the city could consider alternative district management tools—such as Urban Renewal—that offer different funding and governance mechanisms. While Urban Renewal typically focuses on addressing blight and catalyzing redevelopment through use of TIF, it can also be tailored to support infrastructure investment, public realm enhancements, and economic revitalization in areas where an assessment-based improvement district may not be viable. RECOMMENDATION FOR: CAGID RECOMMENDATION FOR: 55th & ARAPAHOE 116 Exploring a range of tools ensures flexibility in aligning the right approach with community needs and stakeholder readiness. Action Steps: To from a new GID in the Station Area, a phased approach is recommended. The following approach typically takes from 6-12 months, working backwards from a November TABOR election: •Step 1: Feasibility Study o To explore the feasibility of creating a GID, an initial analysis is recommended that includes: Financial modeling to assess revenue potential and costs, and Outreach to property owners and community members to identify priorities for the district and gauge support o Following feasibility analysis, provide a recommendation on whether or not to move forward with the legal process to form the district, which may include the creation of an work plan that describes district characteristics and anticipated services and investments. •Step 2: Work Plan o While not required by state law, it is recommended that a Work Plan that details district purpose and vision, boundaries, services and projects, financing, mill levy caps, debt limits, and other district characteristics be created as part of the GID formation process. Requiring GIDs to prepare an annual work plan for approval by the City Council (acting as the GID Board of Directors) has become a common practice in many cities. •Step 3: Legal Process to form the GID o Petition – proponents submit a petition of formation to the City of Boulder signed by at least 30% of the electors of the proposed district, or by 200 electors, whichever number is less. The petition must include: A description and map of the proposed boundaries A general outline of proposed improvements and service Estimated costs and funding methods (including revenue and debt) A request for the City to form the district o City Council review and public hearing – Council considers formation of the GID o Adoption of ordinance forming the district – Council approves the creation of the GID and ordinance is passed o TABOR election (November or regular City election date) – voters within the proposed district vote on district formation and authorize taxation and debt Note that if the petition is signed by 100% of the GID electors, the GID may be created by City Ordinance without an organizational election (but an election would still be needed to authorize tax, revenue, spending and debt authority) 117 LODGING BUSINESS ASSESSMENT AREA (LBAA) PARTNERSHIP With the addition of new hotels such as Moxy Boulder and Limelight Hotel & Conference Center, the recently established LBAA could be encouraged to allocate funding to improve the visitor experience between Downtown and the Hill through wayfinding, streetscape enhancements, and connectivity improvements. This funding could be used in the near-term to improve connectivity between Downtown and the Hill while the feasibility of a DDA is explored. The city will need to establish an effective partnership model with hotel operators and ensure sustainable funding for improvements. Action Steps: •Begin a conversation with the board of the LBAA and Visit Boulder, with a focus on identifying potential revenue from new and existing hotels to establish a dedicated funding stream specifically for projects between University Hill and Downtown. •Develop a partnership model with hotel operators to ensure alignment with visitor experience goals. SHORT-TERM ACTIONS (12-24 MONTHS) If a DDA is not feasible, other structures need to be explored to address the needs within Boulder’s core commercial areas. Below are several potential alternatives in lieu of DDA creation, plus several short-term recommendations for exploring BJAD efficiencies. EXPLORE CAGID EXPANSION TO SUPPORT CIVIC AREA REDEVELOPMENT If the DDA does not come to fruition, the city could explore expanding existing GIDs as an alternative tool to help fund and manage public realm improvements in strategic areas. One such opportunity is the Civic Area Redevelopment, which will be catalyzed by the relocation of city services to the Western City Campus in 2027. This transition will open several publicly owned parcels between Canyon Boulevard and Arapahoe Avenue from 9th to 14th Street for redevelopment. Although the Civic Area currently lies outside of CAGID’s boundaries, recent planning efforts have identified it as a key area of opportunity, and its future should be considered in the context of CAGID’s evolving role. While the area is currently publicly owned and exempt from GID assessments, the City could authorize participation through a payment in lieu of taxes (PILOT) or other voluntary contribution if GID services are desired. If future redevelopment results in private ownership of property in the area, CAGID could be formally expanded to include those parcels. This would require several steps: (1) a petition signed by a majority of electors or property owners within the proposed expansion area, (2) public notice and a hearing, and (3) approval by City Council. RECOMMENDATION FOR: CAGID RECOMMENDATION FOR: CAGID UHGID 118 Action Steps: •Explore the feasibility and implications of CAGID expansion (including PILOT or assessment structure, services, and governance) as specific redevelopment plans for the Civic Area take shape. ANALYZE COST RECOVERY FOR PARKING & UHGID SERVICES UHGID services are currently heavily subsidized by the General Fund, but there are opportunities to increase district-generated revenue to cover operating costs. By reevaluating parking-related fees and other revenue sources, the city can reduce dependence on the General Fund while ensuring the financial sustainability of UHGID. Action Steps: •Reevaluate permit parking costs to ensure they reflect market conditions and district service expenses. •Explore expanding paid parking zones in high-demand areas to generate additional revenue. •Analyze alternative revenue sources such as special event parking fees, loading zone permits, or other partnerships with private operators. EXPLORE ESTABLISHING A SINGLE DISTRICT IN BJAD Currently, BJAD-P and BJAD-TDM operate as separate entities, leading to inefficiencies in funding allocation and governance. Creating a single district would streamline the approach to managing transportation and mobility in Boulder Junction, allowing for greater flexibility and better resource allocation. While Section 31-25-601, et seq., of the Colorado Revised Statutes (the GID Act) does not prevent a municipality from creating more than one GID, the GID Act also does not include any process for the consolidation of GIDs. The Special District Act, which governs metropolitan districts, for example, does provide a very specific process for the consolidation of metro districts. Thus, the consolidation of GIDs, in the technical sense, is not possible. However, the GID Act does provide a process by which property can be included and excluded from GID boundaries, and the process is rather simple. The process for including property into a GID is the same as for excluding property from a GID, and is generally as follows: 1.Owner(s) of property proposed to be included or excluded file a written petition with City Council, requesting that such property be included in or excluded from the GID 2.City Council publishes notice and holds a public hearing on the petition to include or exclude. RECOMMENDATION FOR: UHGID RECOMMENDATION FOR: BJAD-P BJAD-TDM 119 3. Thereafter, City Council may grant the petition by adopting an ordinance including or excluding the property and file it with the County Clerk and Recorder. The property is then officially included or excluded. The GID inclusion/exclusion process could be utilized to rearrange the boundaries of two GIDs to, in effect, combine them under one GID. For example, all the property in one GID could be included into a second GID, the first GID could transfer any agreements or services to the second GID by agreement, then the first GID could either exclude all the property or simply be dissolved. A GID may be dissolved at any time by city ordinance following a public hearing, if all the GID’s outstanding indebtedness, obligations, and liabilities are satisfied first. One challenge with combining two GIDs by an inclusion/exclusion process is that each GID must impose a uniform property tax levy across all property in its boundaries. So, if the two combining GIDs have different mill levies before including/excluding property and dissolving, after inclusion all the property will pay the same property tax mill levy of the remaining GID. A GID can utilize assessments or some other kind of fee to impose different rates on different properties, but to do so, the properties must receive different benefits commensurate with the different rates imposed. This can be difficult to demonstrate for general GID operations. If a consolidated district is pursued, the ongoing distinction between the use of funds for TDM versus parking activities could be established through annual budget and work program allocations. Further legal and financial analysis will be needed to evaluate the viability and implications for governance and funding of creating a single district. Action Steps: • Conduct a detailed legal and financial feasibility analysis to assess the benefits and challenges of establishing a single district in BJAD. • Engage with property owners, businesses, and stakeholders to evaluate potential concerns and gauge support. • The timing to consolidate the two districts is not mandated or restricted by city or state deadlines. The following legal steps could be completed within several months if a single district is desired: o Owner(s) of property proposed to be included or excluded file a written petition with City Council, requesting that such property be included in or excluded from the GID. o City Council publishes notice of public hearing on the petition to include or exclude. o City Council Meeting #1: Public Hearing and First Reading of Ordinance to approve petition to include or exclude. o City Council Meeting #2: Second Reading and final passage of Ordinance to approve petition to include or exclude. o Ordinance filed with the County Clerk and Recorder. The property is then officially included or excluded. 120 ANALYZE IMPACTS AND STEPS TO TEMPORARILY REDUCE BJAD- P MILL LEVY Property owners within BJAD-P currently face dual mill levies – one for parking and one for TDM. With the parking garage debt paid off and reserve funds growing, it may be financially viable to reduce the mill levy. However, any decision regarding the mill levy reductions should be considered within the context of consolidating the BJAD-P and BJAD-TDM districts, as outlined above. A detailed financial analysis, including the impacts of merging the districts as outlined below, will be needed to assess the viability of a mill levy reduction and its impact on the district’s ability to maintain infrastructure and evolving needs. Action Steps: •Conduct a legal and financial feasibility analysis to determine the implications of reducing the mill levy in the context of creating a single district in Boulder Junction. •Engage with BJAD businesses and property owners to discuss potential levy reductions and the merger process. •Develop a phased strategy for mill levy adjustments, aligned with the broader analysis of creating a single district, based on financial modeling and stakeholder input. IDENTIFY GID’S ROLE IN BOULDER JUNCTION PHASE II As Phase II of planned Boulder Junction revitalization and redevelopment rolls out, additional stakeholders may enter the district, creating an opportunity to reassess the role of BJAD and ensure its structure aligns with future mobility and economic development goals. •Identify and evaluate the role of the BJAD and other potential public financing tools in Phase II infrastructure, mobility, and parking needs. •Develop a plan for a transition and Phase II work if deemed viable. LONG -TERM ACTIONS (BEYOND 24 MONTHS) DE-BRUCE GID MILL LEVY If the DDA initiative is not pursued, CAGID and UHGID may require additional revenue to support critical infrastructure and services. However, the current mill levies are limited by Taxpayer Bill of Rights (TABOR) restrictions and would require voter approval to increase. As an example, for the 2025 budget year, CAGID’s current 3.743 mills produced $1,534,231, but without TABOR limitations, a 9.990 mill levy would have generated $4,094,835. RECOMMENDATION FOR: BJAD-P BJAD-TDM RECOMMENDATION FOR: CAGID UHGID RECOMMENDATION FOR: BJAD-P 121 Similarly, UHGID’s 1.726 mills produced $38,957, while an unrestricted 4.984 mill levy would have generated $112,493. The act of ‘de-Brucing’ eliminates the spending limit established by TABOR, allows the city to retain and spend all its revenue collected under current taxing rates, and creates the opportunity for future mill levy increases. The city will need to gauge voter support and ensure transparency in the process to avoid concerns about increased taxes, while assessing if a TABOR de-Brucing vote could be a viable funding solution. Additional revenue generated through “de-Brucing” would be limited to expenditures aligned with the original purpose of the districts unless also changed by voter action. Action Steps: •Evaluate funding needs for CAGID and UHGID based on long-term infrastructure and service priorities. •Conduct community engagement to gauge support for a TABOR de-Brucing vote. •Develop a ballot measure to increase mill levies if deemed necessary. EXPLORE A PEARL STREET PUBLIC IMPROVEMENT FEE (PIF) A Public Improvement Fee (PIF) could provide a dedicated funding stream for improvements along Pearl Street, such as infrastructure, maintenance, and programming. This fee would be added to sales tax rates in the affected area, and would require property owner, business, and resident consent through a TABOR election. The city will need to ensure that the PIF model is transparent, equitable, and accepted by all stakeholders to be effective. Action Steps: •Assess the feasibility of implementing a PIF along Pearl Street. •Work with business owners and property managers to gauge willingness to participate and community goals for use of the potential funds. •Explore legal and administrative mechanisms for implementing a transparent and equitable PIF model. CITYWIDE BOND ISSUE OR TAX INCREASE FOR DOWNTOWN IMPROVEMENTS As described earlier, the needs within Downtown Boulder, including the Civic Area, Western City Campus, and connections in-between, require ongoing investments in infrastructure, public spaces, and mobility improvements to support economic vitality and long-term sustainability. If a DDA is not pursued, some of these unfunded needs could be explored as a part of the city’s broader Long-Term Financial Strategy work, including the 2026 ballot strategy based on planned community input. RECOMMENDATION FOR: CAGID RECOMMENDATION FOR: CAGID 122 Action Steps: •Assess capital improvement priorities that require new funding. •Analyze potential funding mechanisms such as a bond issue, dedicated sales tax, or property tax increase within the city’s long-term financial strategy. •Evaluate opportunities to incorporate Downtown improvements into larger citywide infrastructure ballot measures to maximize funding efficiency. •Engage with voters to assess support for a potential ballot measure. URBAN RENEWAL (SITE-SPECIFIC OR DISTRICT SCALE) For properties or underutilized areas that meet “blight” criteria, urban renewal could be utilized to fund redevelopment, infrastructure, and improvements. Urban renewal utilizes Tax Increment Financing (TIF) to address areas that meet the state’s definition of blight, which includes factors such as deteriorating infrastructure, underutilized properties, or economic stagnation. TIF dollars can be used on a site- specific or district scale to finance the issuance of bonds; reimburse developers for a portion of their development costs; acquire property; and make public improvements to support redevelopment efforts. To utilize urban renewal, the city will need to identify suitable properties and ensure the redevelopment aligns with sustainable development goals and community benefit. The Boulder Urban Renewal Authority (BURA) could facilitate redevelopment of these properties. It is important to note that TIF-based tools cannot overlap. Therefore, urban renewal cannot be utilized within the boundaries of a potential DDA. The city would need to assess the feasibility of urban renewal based on site conditions, financial feasibility, and alignment with community goals. Action Steps: •Identify underutilized properties or redevelopment sites that meet urban renewal eligibility. •Assess potential for TIF to support infrastructure and economic development projects. •Identify the steps required to expand the use of BURA in targeted areas or implement alternative site-specific tools. •Work with stakeholders to create redevelopment plans that align with community goals. METROPOLITAN DISTRICT In areas where urban renewal may not be the best fit, other site- specific tools – such as a Metropolitan District – could provide alternative funding mechanisms to support infrastructure and redevelopment. A Metropolitan District is a type of special district authorized under Colorado state statute to provide infrastructure and public services within a defined geographic area. These districts are commonly used to finance, construct, operate, and maintain infrastructure RECOMMENDATION FOR: CAGID UHGID BJAD-P BJAD-TDM 55th & ARAPAHOE RECOMMENDATION FOR: BJAD-P BJAD-TDM 55th & ARAPAHOE 123 investments such as streets, water and sewer systems, parks and recreation facilities, transportation infrastructure, and in some cases, public safety services. Metropolitan Districts are typically funded through property taxes, fees, and debt instruments such as bonds, and must be approved by the local jurisdiction and, in most cases, by voters residing within the district. The process for creating a Metropolitan District typically takes approximately 6-12 months due to local approval steps and alignment with Colorado’s May/November special district election timetable. While the process to form a Metropolitan District is initiated at the city level, all metropolitan districts in Colorado are formally created by a Colorado District Court per state statute. To explore the creation of a Metropolitan District, the process begins with a feasibility study that includes financial modeling to assess potential revenues and costs, along with outreach to property owners and community members to gauge support and identify priorities. If the analysis supports moving forward, the next step is to draft a Service Plan—as required by Colorado statute— detailing the proposed district's boundaries, services, financing strategy, mill levy caps, and debt limits. The legal formation process then involves submitting the Service Plan to Boulder City Council for review and holding a public hearing, after which the Council may approve it by resolution. Once approved, proponents must file a petition with Boulder County District Court, secure signatures from at least 30% of eligible electors (or 200, whichever is fewer), and participate in a court hearing. If the court finds the petition valid, it orders an organizational election where voters within the proposed district decide on board members, spending authority, taxation, and final formation. If successful, the court issues a decree officially establishing the district. Action Steps: •Identify underutilized properties and redevelopment areas that could be eligible for a Metropolitan District and assess feasibility. •Work with property owners to gauge willingness to participate and community goals for use of the potential funds. •Explore legal and administrative mechanisms for implementing a transparent and equitable Metropolitan District. 124 RECOMMENDATIONS SUMMARY 125 APPENDIX A: DISTRICT PROFILES CENTRAL AREA GID (CAGID) DISTRICT PROFILE BACKGROUND/CONTEXT CAGID was created in 1970 to provide parking infrastructure and related services to the downtown area in order to more easily attract employees and visitors. To accomplish this, the district built six mixed use parking garages, one surface parking lot, and on-street paid parking facilities eliminating the need for each building downtown to have their own parking lot and allowing improved streetscapes and other infrastructure. CAGID oversees five parking garages with a total of 2,209 spaces, four surface parking lots, and 165 on-street pay stations. In the 50+ years since CAGID’s genesis, its funding scope has expanded beyond just parking maintenance to include complementary programs such as: • Increasing mobility options in the form of EcoPasses for downtown employees, the Boulder Clean Commute program, the HOP high frequency circulator, the Lime E-Scooter Expansion Plan, and the Parking & Access Signage Refresh Project. • Supporting economic vibrancy by expanding options for outdoor dining, mobile vending carts for small business operators, an affordable retail program, and supporting special events. • Leading and assisting in beautification and aesthetic-driven projects such as tree planting, murals and crosswalk designs, public art, and powerline undergrounding. • Ambassador program – in collaboration with Downtown Boulder Partnership, providing services to make the area cleaner and safer, including trash collection, graffiti removal, providing information to residents and visitors, giving directions and recommendations, and addressing unfavorable activities. 126 Governance Structure CAGID, along with the Department of Community Vitality, manages parking operations and related services, while the Downtown Management Commission (DMC) manages and advises the business affairs of the GID. The DMC includes five Council-appointed members with five-year terms. Three of those members must own real property or represent real property owners in Downtown and two members are residents representing the community-at-large. Assessment Methodology 3.743 mill levy KEY MARKET INDICATORS Key market indicators are being provided to look at existing economic conditions and changes since 2019, considered the pre-pandemic base year. Commercial Real Estate Trends Retail Vacancy (2024) 15.0% Inventory (buildings) 89 Inventory (sf) 768,752 Net absorption (sf) (14,258) Market sale price per sf $462.00 NNN rent overall $40.32 Office Vacancy (2024) 19.0% Inventory (buildings) 102 Inventory (sf) 2,496,980 Net absorption (sf) (18,553) Base rent overall $27.43 Multi-family Inventory (buildings) 9 Inventory (units) 253 Vacancy 32.0% Asking rent per unit $4,020 Data source: Costar 0% 2% 4% 6% 8% 10% 12% 14% 16% 202420232022202120202019201820172016 CAGID Retail Vacancy 0% 5% 10% 15% 20% 25% 202420232022202120202019201820172016 CAGID Office Vacancy 127 Sales Tax Revenue 2019 $8,800,961 2020 $5,253,717 2021 $7,162,667 2022 $8,584,441 2023 $8,831,332 Change 0.3% Data source: DMC January 2024 report Property Values Total GID Value (Fiscal Year) 2019 $384,680,015 2020 $382,681,446 2021 $385,031,888 2022 $384,352,498 2023 $411,637,845 2024 $409,893,360 Change 6.6% Data source: Boulder County Assessor $360,000,000 $370,000,000 $380,000,000 $390,000,000 $400,000,000 $410,000,000 $420,000,000 2019 2020 2021 2022 2023 2024 CAGID Total Property Values 128 SOURCES & USES OF FUNDS CAGID Sources of Funds 2019-2025 The following table and charts show trends in the sources of revenue CAGID received from 2019- 2025, using 2019 as the pre-pandemic base year. While total revenue has largely recovered since 2020, the GID continues to receive a smaller percentage of its funds from transfers in. This indicates that CAGID is able to rely more on internal streams of revenue such as leases, rents and royalties and interest and investment earnings. Parking Revenue Property Tax Leases, Rents and Royalties Interest & Investment Earnings Specific Ownership & Tobacco Tax Other Revenues Transfers In TOTAL (sources) 2019 (Actual) $7,141,719 $1,284,714 - $208,581 $70,050 $63,773 $1,613,285 $10,382,122 69% 12% - 2% 0.7% 0.6% 16% 2020 (Actual) $4,345,338 $1,357,621 - $221,845 - $84,141 $1,146,104 $7,155,049 61% 19% - 3% - 1% 16% 2021 (Actual) $6,018,037 $1,333,187 $343,000 $205,387 $67,969 $70,419 $971,104 $9,009,103 67% 15% 4% 2% 0.8% 0.8% 11% 2022 (Actual) $6,055,246 $1,381,857 $482,540 $221,112 $62,894 $64,588 $968,819 $9,237,056 66% 15% 5% 2% 0.7% 0.7% 10% 2023 (Actual) $4,514,795 $1,493,258 $156,000 $487,662 $69,767 $94,142 $968,819 $7,784,443 58% 19% 2% 6% 0.9% 1% 12% 2024 (Adopted) $6,062,159 $1,440,980 $497,010 $226,811 $64,150 $64,590 $968,819 $9,324,519 65% 15% 5% 2% 0.7% 0.7% 10% 2025 (Approved) $6,299,894 $1,469,800 $504,465 $502,976 $65,433 $65,559 $723,753 $9,631,800 65% 15% 5% 5% 0.7% 0.7% 8% 129 This chart visualizes the total amount of funds gained with a bar chart that corresponds to the right axis labels and the amount of each source with a line chart that corresponds to the left axis labels. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 CAGID Sources of Funds (% of Total) Parking Revenue Property Tax Leases, Rents and Royalties Interest & Investment Earnings Specific Ownership & Tobacco Tax Other Revenues Transfers In $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 2019 2020 2021 2022 2023 2024 2025 CAGID Sources of Funds (Amounts) TOTAL (sources):Parking Revenue Property Tax Leases, Rents and Royalties Interest & Investment Earnings Specific Ownership & Tobacco Tax Other Revenues Transfers In 130 CAGID Uses of Funds 2019-2025 The following table and charts show trends in the uses of CAGID funds from 2019-2025, using 2019 as the pre-pandemic base year. Uses have shifted since 2019, with a higher proportion of spending going towards the Capital Improvement Program (CIP) and a lower proportion going to customer service and administration, with debt service completely eliminated following 2023. Projects that used CIP funds over the past year include building freeze recover at 1500 Pearl, a facility assessment of the Spruce Garage, installing parking garage capacity display signs, replacing stormwater pipes behind the 1500 Pearl garage, and stump removal and weed control on Broadway medians. Admin Customer Service District Mgmt Parking & Access Debt Service Cost Allocation & Transfers Capital Improvement Plan TOTAL (uses) 2019 (Actual) $1,452,711 $788,025 $1,454,198 $1,258,827 $827,193 $330,541 $314,824 $6,426,319 23% 12% 24% 20% 13% 5% 5% 2020 (Actual) $1,010,163 $938,268 $1,327,915 $863,836 $836,839 $335,218 $2,086,900 $7,399,139 14% 13% 18% 12% 11% 5% 28% 2021 (Actual) $1,183,390 $826,632 $749,635 $752,943 $827,883 $335,218 $1,625,685 $6,301,387 19% 13% 12% 12% 14% 5% 26% 2022 (Actual) $1,178,849 $789,584 $1,077,928 $817,491 $829,682 $324,155 $795,712 $5,813,401 20% 14% 19% 14% 14% 6% 14% 2023 (Actual) $1,163,470 $728,906 $1,393,584 $942,127 $835,307 $420,471 $2,104,038 $7,587,903 15% 10% 18% 12% 11% 6% 28% 2024 (Adopted) $1,657,043 $750,412 $2,372,322 $1,129,624 - $787,082 $4,930,000 $11,626,483 14% 6% 20% 10% - 7% 42% 2025 (Approved) $1,496,934 $618,542 $2,206,043 $1,630,834 - $1,061,882 $5,550,000 $12,564,235 12% 5% 18% 13% - 8% 44% 131 This chart visualizes the total amount of funds used with a bar chart that corresponds to the right axis labels and the amount of each use with a line chart that corresponds to the left axis labels. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 CAGID Uses of Funds (% of Total) Administration (Economically Vital)Community Vitality Customer Service Economic Vitality & District Management Parking & Access Debt Service Cost Allocation & Transfers Capital Improvement Program $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 2019 2020 2021 2022 2023 2024 2025 CAGID Uses of Funds (Amounts): TOTAL (right axis)Administration (Economically Vital) Community Vitality Customer Service Economic Vitality & District Management Parking & Access Debt Service Cost Allocation & Transfers Capital Improvement Program 132 FUTURE – PLANS, PROJECTS, & PARTNERSHIPS Looking to the future, previous planning efforts and key partnerships will be instrumental in shaping the evolution of CAGID. Summary of Planning Efforts/Past Plans Related to the District Many of the City of Boulder’s past planning efforts relate to, and will impact, the CAGID area. Below is a summary of common themes found in plans that apply to downtown. The reviewed plans include Boulder Valley Comprehensive Plan 2020 Mid-Term Update, Boulder Transportation Master Plan (2019), Boulder Parks and Recreation Master Plan Update (2022), Downtown Boulder Vision Plan (2022), and Central Broadway Corridor Design Framework (2017). 1.Connect to other districts and destinations a.CAGID is a key activity center along Broadway and has the opportunity to seamlessly connect to other activity centers on the corridor, such as University Hill and the future Western City Campus (expected to open in 2027). b.Improve multi-use path connections to the University of Colorado and University Hill. 2.Expand mobility options a.Vision to develop an intermodal mobility hub Downtown that connects with the University of Colorado, Boulder junction, and the region as a whole. b.Proposed bike and pedestrian enhancements in Downtown and on the surrounding streets. 3.Continue activating the Pearl Street Mall and surrounding areas a.Reimagine the 1300 block as a space for events, enhanced public amenities, and an expanded visitor center. b.Activate the 1400 block with artwork, seating and shade structures, and interactive and temporary play equipment. 4.Enhance streetscaping, placemaking, branding, and identity a.Opportunity to designate a historic district in some parts of Downtown. b.Increase tree canopy and shade structures, adaptable signage and wayfinding, outdoor seating, and temporary events. c.Activate surface parking lots and alleys. Key Projects Likely in the Near-Term •Capital Improvement Projects: o Garage repairs and improvements, including security enhancements o Garage Mobility Hub Project – converting CAGID parking garages into multi- functional mobility hubs o Powerline undergrounding – working with Xcel to move powerlines underground to mitigate risks and enhance Downtown’s sense of place o Streetscaping enhancements, including the Pearl Street Mall Refresh o Increasing public art through the 1% for Public Art program o Affordable Commercial Capital Program – support for small businesses impacted by the pandemic and increasing rents 133 o HVAC replacement at the 1500 Pearl building •Other Projects: o When the Western City Campus opens at the Alpine-Balsam site (projected to occur in 2027), the City-owned buildings between Canyon Blvd and Arapahoe Ave from 9th Street to 14th Street will be vacated. The City plans to fill those spaces Downtown with civic and commercial development that fosters activity, collaboration, and innovation. CAGID Key Partnerships •Downtown Boulder Partnership (DBP) o DBP is a 501(c)6 organization that receives revenue from business and individual memberships to “promote the civic, economic and commercial vitality of downtown B oulder.” •Downtown Boulder Business Improvement District (BID) o The Downtown Boulder BID is a taxing district that was formed in 1999 “to cultivate a cleaner, safer and more vibrant downtown community.” BID services include maintenance services and marketing and communication programs. •Downtown Boulder Community Initiatives (DBCI) o DBCI is a 501(c)(3) nonprofit formed in 2016 “to engage visitors and locals alike through arts, culture, innovation and inclusive, community-driven experiences in downtown Boulder.” DBP, Downtown Boulder BID, and DBCI are all housed under the umbrella Downtown Boulder organization. 134 UNIVERSITY HILL GID (UHGID) DISTRICT PROFILE BACKGROUND/CONTEXT UHGID was created in 1970 as property owners wanted to tax themselves in order to purchase land to increase available parking options for customers of the area, as well as provide other maintenance services. UHGID owns and manages a 42-space off-street public parking lot at 14th Street & College Avenue, referred to as the “14th Street Lot”. UHGID also owned a public parking lot on the corner of Broadway and Pleasant Street before it was sold in 2021 and redeveloped as the Moxy hotel. The funding scope expanded in 1985 to include additional services for the district. Today, UHGID funds programs such as: •Pedestrian, bicycle, and transit amenities and incentives •Placemaking and aesthetic enhancements •Maintenance and improvements of the right-of-way and facilities •Other revitalization strategies on The Hill •Hill Ambassador program – in collaboration with Downtown Boulder Partnership and the University of Colorado Boulder, providing services to make the area cleaner and safer, including trash collection, graffiti removal, providing information to residents and visitors, giving directions and recommendations, and addressing unfavorable activities. Governance Structure The business affairs of UHGID are administered by the University Hill Commercial Area Management Commission, which is composed of five Council-appointed members with five-year terms. Three of those members must own real or personal property, reside in the district, or represent a real or property owner in the district and two members are for citizens-at-large. Assessment Methodology (2025) 1.691 mill levy 135 KEY MARKET INDICATORS Key market indicators are being provided to look at existing economic conditions and changes since 2019, considered the pre-pandemic base year. Commercial Real Estate Trends Retail Vacancy (2024) 9.1% Inventory (buildings) 22 Inventory (sf) 191,428 Net absorption (sf) 557 Market sale price per sf $422.00 NNN rent overall $32.72 Office Vacancy (2024) 20.7% Inventory (buildings) 3 Inventory (sf) 31,240 Net absorption (sf) 0 Base rent overall $16.54 Multi-family Inventory (buildings) 3 Inventory (units) 40 Vacancy 1.5% Asking rent per unit $3,468 Data source: Costar 0% 2% 4% 6% 8% 10% 202420232022202120202019201820172016 UHGID Retail Vacancy 0% 5% 10% 15% 20% 25% 2024202320222021 UHGID Office Vacancy 136 Sales Tax Revenue 2019 $1,560,362 2020 $1,141,856 2021 $1,354,331 2022 $1,318,763 2023 $1,380,202 Change -11.5% Data source: DMC January 2024 report Property Values Total GID Value (Fiscal Year) 2019 $19,478,837 2020 $19,362,624 2021 $19,424,402 2022 $20,243,961 2023 $19,676,630 2024 $22,570,729 Change 15.9% Data source: Boulder County Assessor $17,000,000 $18,000,000 $19,000,000 $20,000,000 $21,000,000 $22,000,000 $23,000,000 2019 2020 2021 2022 2023 2024 UHGID Total Property Values 137 SOURCES & USES OF FUNDS UHGID Sources of Funds 2019-2025 The following table and charts show trends in the sources of revenue UHGID received from 2019- 2025, using 2019 as the pre-pandemic base year. Since 2019, the proportion and total amount of parking revenue has steadily decreased, while the proportion and total amount of interest and investment earnings has steadily increased. 2021 was an outlier year, with a much larger total source of funding, corresponding with the $2.7M sale of the Pleasant Street parking lot where the Moxy hotel is now located. Parking Revenue Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Real Estate Sales Transfers In TOTAL (sources) 2019 (Actual) $111,339 $32,282 $16,826 $1,622 - $350,000 $512,069 22% 6% 3% 0.3% - 68% 2020 (Actual) $122,573 $32,763 $17,303 $1,621 - $325,000 $499,260 25% 7% 3% 0.3% - 65% 2021 (Actual) $71,618 $32,559 $15,840 $1,648 $2,734,117 $250,000 $3,105,782 2% 1% 0.5% 0.1% 88% 8% 2022 (Actual) $71,875 $32,415 $47,201 $1,409 - $270,000 $422,900 17% 8% 11% 0.3% - 64% 2023 (Actual) $58,219 $35,093 $84,413 $1,695 - $270,000 $449,420 13% 8% 19% 0.4% - 60% 2024 (Adopted) $79,060 $35,880 $48,320 $1,410 - $270,000 $434,670 18% 8% 11% 0.3% - 62% 2025 (Approved) $59,979 $39,481 $89,797 $1,438 - $271,034 $461,729 13% 9% 19% 0.3% - 59% 138 This chart visualizes the total amount of funds gained with a bar chart that corresponds to the right axis labels and the amount of each source with a line chart that corresponds to the left axis labels. The chart does not include real estate sales, as that only occurred in 2021. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 UHGID Sources of Funds (% of Total) Parking Revenue Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Real Estate Sales Transfers In $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 2019 2020 2021 2022 2023 2024 2025 UHGID Sources of Funds (Amounts) TOTAL (right axis)Parking Revenue Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Transfers In 139 UHGID Uses of Funds 2019-2025 The following table and charts show trends in the uses of UHGID funds from 2019-2025, using 2019 as the pre-pandemic base year. The amounts and proportion of each use category have stayed relatively steady since 2019, though the proportion of spending on administration, customer service, and parking and access maintenance is planned to decrease in 2025. Total uses of funds is expected to increase substantially in 2025, with 58% of that spending going towards the Capital Improvement Program. Projects that may use those funds include streetscape renovations, public art/mural installations, and wayfinding signage between The Hill and Downtown. Admin Customer Service District Mgmt Parking & Access Cost Allocation & Transfers Capital Improvement Plan TOTAL (uses) 2019 (Actual) $143,820 $39,927 $17,578 $275,556 $48,012 - $524,893 27% 8% 3% 52% 9% - 2020 (Actual) $67,078 $44,387 $70,185 $121,450 $48,732 $185,536 $537,368 12% 8% 13% 23% 9% 35% 2021 (Actual) $72,493 $41,953 $27,851 $115,709 $48,732 $23,358 $330,096 22% 13% 8% 35% 15% 7% 2022 (Actual) $68,691 $38,163 $33,717 $139,619 $47,124 $184,258 $511,572 13% 7% 7% 27% 9% 36% 2023 (Actual) $60,293 $38,345 $28,900 $168,934 $52,913 $37,118 $386,503 16% 10% 7% 44% 14% 10% 2024 (Adopted) $109,899 $79,007 $55,261 $203,350 $64,220 $15,000 $526,737 21% 15% 10% 39% 12% 3% 2025 (Approved) $103,173 $40,240 $65,600 $249,741 $73,100 $727,500 $1,259,354 8% 3% 5% 20% 6% 58% 140 This chart visualizes the total amount of funds used with a bar chart that corresponds to the right axis labels and the amount of each use with a line chart that corresponds to the left axis labels. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 UHGID Uses of Funds (% of Total) Administration (Economically Vital)Community Vitality Customer Service Economic Vitality & District Management Parking & Access Maintenance Cost Allocation & Transfers Capital Improvement Program $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 2019 2020 2021 2022 2023 2024 2025 UHGID Uses of Funds (Amounts): TOTAL (right axis)Administration (Economically Vital) Community Vitality Customer Service Economic Vitality & District Management Parking & Access Maintenance Cost Allocation & Transfers Capital Improvement Program 141 FUTURE – PLANS, PROJECTS, & PARTNERSHIPS Looking to the future, previous planning efforts and key partnerships will be instrumental in shaping the evolution of UHGID. Summary of Planning Efforts/Past Plans Related to the District Many of the City of Boulder’s past planning efforts relate to, and will impact, the UHGID area. Below is a summary of common themes found in plans that apply to the UHGID area. The reviewed plans include Boulder Valley Comprehensive Plan 2020 Mid-Term Update, Boulder Transportation Master Plan (2019), Boulder Parks and Recreation Master Plan Update (2022), ULI TAP Report for the 14th Street Lot (2023), Downtown Boulder Vision Plan (2022), University Hill Alley Enhancement Plan (2018) and Central Broadway Corridor Design Framework (2017). 1.Improve the pedestrian/visitor experience a.Improve cleanliness, safety, and activation of alleys b.Enhance streets with better lighting, drainage, furnishings, and vegetation. 2.Connect to other districts and destinations a.UHGID is a key activity center along Broadway and has the opportunity to seamlessly connect to other activity centers on the corridor, such as Downtown. b.Improve multi-use path connections to Downtown. 3.Develop key opportunity sites a.The main site in question is the UHGID-owned 14th Street Lot. The redevelopment of this site has the potential to catalyze further development in the district. 4.Maintain the unique character of The Hill within the district a.Balance needs and wants between the student/CU population and the broader neighborhood b.Utilize public art to showcase and celebrate the district's character Key Projects Likely in the Near-Term •Capital Improvement Projects: o Streetscape Renovations – A capital project to improve the medians in Broadway along The Hill district and complimented by enhancements to the pedestrian experience. This may include improvements to trees, landscaping, crosswalks, lighting, or other ideas which will be the subject of public engagement later this y ear. $1.4M – ½ from general fund transfer, ½ fund balance from UHGID o Painted crosswalk at 13th & Pennsylvania (anticipated in April 2025) o Mural installation on Everyday Gas Station (April/May 2025) o Cultural Corridor Planning & Design – link cultural destinations along 13th Street to connect the Hill with Downtown Boulder o 20 new Bigbelly trash cans increase waste management efficiency o Planned sidewalk enhancements that will close the gaps along 11th Street on University Hill, a critical pedestrian corridor that connects to the Civic Area and Downtown. This improvement follows the path of the pedestrian scale lighting that 142 was complete on the Hill a few years ago and will improve the walking experience along 11th Street. This work is expected to be complete this summer. •Other Projects: o 14th Street Lot redevelopment The ULI TAP Report recommended short-term activation opportunities such a micromobility hub, food truck area, and pop-up market, as well as long- term development programs with parking, retail/grocery, faculty housing, artist-in-residence or business incubator spaces, and/or a boutique hotel o Limelight Hotel and Conference Center, expected to open in Fall 2025 UHGID Key Partnerships •The Hill Merchant Association (“The Hill Boulder”) o The Hill Boulder is a 501(c)3 nonprofit “committed to renewing vibrancy of arts and culture, producing community events, and promoting year-round business in the University Hill district.” •Hill Reinvestment Working Group (HRWG) o The Hill Reinvestment Working Group is a neighborhood committee of members that represent City departments, the University Hill Neighborhood Association (UHNA), the Boulder Area Rental Housing Association (BARHA), several University of Colorado departments, the Inter-Fraternity Council (IFC) and Panhellenic. The group “collaborates monthly to share information, build relationships, design programs, evaluate processes and recommend changes and improvements around ongoing issues” on The Hill. o https://bouldercolorado.gov/hill-revitalization-working-group-hrwg •CU Boulder o The University of Colorado’s flagship campus is located across Broadway from UHGID. Students, faculty, and visitors of the university frequently visit the district. 143 BOULDER JUNCTION ACCESS DISTRICTS (BJAD) PROFILE BJAD includes Boulder Junction Access District – Parking (BJAD-P) and Boulder Junction Access District – Transportation Demand Management (BJAD-TDM). BACKGROUND/CONTEXT BJAD Parking The Boulder Junction Access Districts (BJAD) were created in 2010 as a result of the Transit Village Area Plan’s Phase 1 efforts to create Boulder’s first Transit-Oriented Development (TOD). BJAD – Parking (BJAD-P) manages parking within the district, such as the parking garage that is jointly owned with the Depot Square Owners Association. BJAD – Transportation Demand Management (BJAD-TDM) supports TDM measures with additional revenue paid by properties in the district. Today BJAD funds programs such as: •Providing Boulder Clean Commute incentives and RTD EcoPasses, Boulder B-Cycle Memberships, and CarShare vouchers for residents and employees of the district •Hosting events to inform residents and employees of the benefits they may receive from living and/or working in the district and educate the public about the growth and development of the area •Promoting sustainable transportation and eco-friendly development to create a healthier and more livable environment BJAD TDM 144 Governance Structure BJAD is managed by a joint commission that represents both BJAD-Parking and BJAD-TDM. Each five-member commission is composed of five Council-appointed members with five-year terms. Three of those members must own real property or represent a real property owner in the district and two members are city electors who may live inside or outside of the district. Assessment Methodology 10 mill levy for BJAD-P and 5 mill levy for BJAD-TDM. Developers also pay Payment in Lieu of Taxes (PILOT) fees for two years before property taxes are used for funding. KEY MARKET INDICATORS Key market indicators are being provided to look at existing economic conditions and changes since 2019, considered the pre-pandemic base year. Commercial Real Estate Trends Retail Vacancy (2024) 8.3% Inventory (buildings) 5 Inventory (sf) 60,527 Net absorption (sf) (825) Market sale price per sf $467.00 NNN rent overall $34.00 Office Vacancy (2024) 2.9% Inventory (buildings) 8 Inventory (sf) 707,788 Net absorption (sf) 3,345 Base rent overall $47.38 Multi-family Inventory (buildings) 11 Inventory (units) 1,200 Vacancy 10.4% Asking rent per unit $2,655 Data source: Costar 0% 2% 4% 6% 8% 10% 12% 202420232022202120202019 BJAD Retail Vacancy 0% 10% 20% 30% 40% 50% 60% 202420232022202120202019201820172016 BJAD Office Vacancy 145 Property Values (BJAD-TDM) Total GID Value (Fiscal Year) 2019 $31,962,052 2020 $59,286,286 2021 $78,334,084 2022 $101,609,964 2023 $118,002,570 2024 $117,556,834 Change 267.8% Data source: Boulder County Assessor $0 $20,000,000 $40,000,000 $60,000,000 $80,000,000 $100,000,000 $120,000,000 $140,000,000 2019 2020 2021 2022 2023 2024 BJAD-TDM Total Property Values 146 SOURCES & USES OF FUNDS BJAD – Parking Sources of Funds 2019-2025 The following table and charts show trends in the sources of revenue BJAD-P received from 2019- 2025, using 2019 as the pre-pandemic base year. Since 2019, the proportion and total amount of most funding sources has stayed relatively steady, though parking revenue tends to oscillate year to year. Additionally, the amount of property tax and total sources have increased overall. Parking Revenue Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Other Revenues Transfers In TOTAL (sources) 2019 (Actual) $41,648 $273,306 $5,377 $14,836 $25 - $335,192 12% 82% 2% 4% 0.01% - 2020 (Actual) $190,001 $337,703 $1,213 $15,028 - $175,000 $718,945 26% 47% 0.2% 2% - 24% 2021 (Actual) $68,550 $489,650 $1,966 $20,008 - - $580,174 12% 84% 0.3% 3% - - 2022 (Actual) $162,665 $422,661 $5,596 $19,061 $20,316 - $630,299 26% 67% 0.9% 3% 3% - 2023 (Actual) $88,111 $459,177 $12,287 $19,070 - - $578,645 15% 79% 2% 3% - - 2024 (Adopted) $173,510 $433,680 $5,120 $19,060 - - $631,370 27% 69% 0.8% 3% - - 2025 (Approved) $89,402 $442,354 $13,071 $19,840 - - $564,667 16% 78% 2% 4% - - 147 This chart visualizes the total amount of funds gained with a bar chart that corresponds to the right axis labels and the amount of each source with a line chart that corresponds to the left axis labels. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 BJAD Parking Sources of Funds (% of Total) Parking Revenue Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Other Revenues Transfers In $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 2019 2020 2021 2022 2023 2024 2025 BJAD Parking Sources of Funds (Amounts) TOTAL (right axis)Parking Revenue Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Other Revenues Transfers In 148 BJAD – Parking Uses of Funds 2019-2025 The following table and charts show trends in the uses of BJAD-P funds from 2019-2025, using 2019 as the pre-pandemic base year. Since 2019 the share of uses has fluctuated greatly. The overall trend is that total spending, as well as uses for the capital improvement program and cost allocation and transfers, peaked in 2023 before steadily declining in 2024 and 2025. Admin Customer Service District Mgmt Parking & Access Cost Allocation & Transfers Capital Improvement Plan TOTAL (uses) 2019 (Actual) $25,604 $4,978 $2,600 $63,228 $30,822 - $127,232 20% 4% 2% 50% 24% - 2020 (Actual) $103,818 $19,854 - $14,102 $31,250 - $169,024 61% 12% - 8% 18% - 2021 (Actual) $115,374 $18,694 $2,500 $12,075 $131,250 - $279,893 41% 7% 0.9% 4% 47% - 2022 (Actual) $109,072 $18,200 $590 $14,950 $228,009 $1,140 $371,961 29% 5% 0.2% 4% 61% 0.3% 2023 (Actual) $105,785 $19,664 $1,053 $17,838 $485,835 $282,276 $912,451 12% 2% 0.1% 2% 53% 31% 2024 (Adopted) $125,223 $22,092 $3,822 $34,601 $248,374 $115,000 $549,112 23% 4% 0.7% 6% 45% 21% 2025 (Approved) $125,755 $23,089 $2,900 $35,393 $21,635 $100,000 $308,772 41% 7% 0.9% 11% 7% 32% 149 This chart visualizes the total amount of funds used with a bar chart that corresponds to the right axis labels and the amount of each use with a line chart that corresponds to the left axis labels. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 BJAD Parking Uses of Funds (% of Total) Administration (Economically Vital)Community Vitality Customer Service Economic Vitality & District Management Parking & Access Maintenance Cost Allocation & Transfers Capital Improvement Program $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 2019 2020 2021 2022 2023 2024 2025 BJAD Parking Uses of Funds (Amounts): TOTAL (right axis)Administration (Economically Vital) Community Vitality Customer Service Economic Vitality & District Management Parking & Access Maintenance Cost Allocation & Transfers Capital Improvement Program 150 BJAD – TDM Sources of Funds 2019-2025 The following table and charts show trends in the sources of revenue BJAD-TDM received from 2019-2025, using 2019 as the pre-pandemic base year. Since 2019, the proportion of funding sources has stayed relatively constant, with a high percentage coming from property tax. Outliers include 2019 and 2023 where the district received a higher proportion of funds from PILOT and transfers in, respectively. Overall, funding sources have increased significantly since 2019, with total funds peaking in 2023 and property tax funds peaking in 2022. Property Tax Specific Ownership & Tobacco Tax Interest & Investment Earnings Payments in Lieu of Taxes Transfers In TOTAL (sources) 2019 (Actual) $156,969 $8,517 $3,094 - - $168,580 93% 5% 2% - - 2020 (Actual) $289,906 $14,346 $1,999 $42,882 - $349,133 83% 4% 0.6% 12% - 2021 (Actual) $249,789 $17,937 $2,829 - - $270,555 92% 7% 1% - - 2022 (Actual) $681,054 $17,509 $6,271 - - $704,834 97% 2% 0.9% - - 2023 (Actual) $524,200 $23,341 $14,962 - $175,000 $737,503 71% 3% 2% - 24% 2024 (Adopted) $546,510 $17,860 $6,100 - - $570,470 96% 3% 1% - - 2025 (Approved) $557,440 $18,217 $15,623 - - $591,280 94% 3% 3% - - 151 This chart visualizes the total amount of funds gained with a bar chart that corresponds to the right axis labels and the amount of each source with a line chart that corresponds to the left axis labels. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 BJAD TDM Sources of Funds (% of Total) Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Payments in Lieu of Taxes Transfers In $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 2019 2020 2021 2022 2023 2024 2025 BJAD TDM Sources of Funds (Amounts) TOTAL (right axis)Property Tax Interest & Investment Earnings Specific Ownership & Tobacco Tax Payments in Lieu of Taxes Transfers In 152 BJAD – TDM Uses of Funds 2019-2025 The following table and charts show trends in the uses of BJAD-TDM funds from 2019-2025, using 2019 as the pre-pandemic base year. Generally, total uses of funds have increased steadily since 2019, with economic vitality and district management using a greater share and total amount of funds. Meanwhile, the share of administration uses has decreased. Admin District Mgmt Cost Allocation & Transfers Capital Improvement Plan Customer Service TOTAL (uses) 2019 (Actual) $50,392 $71,427 $5,364 - $4,940 $132,123 38% 54% 4% - 4% 2020 (Actual) $210,867 $144,983 - - $13,685 $369,535 57% 39% - - 4% 2021 (Actual) $38,220 $73,823 - - $13,309 $125,352 30% 59% - - 11% 2022 (Actual) $36,599 $75,051 - $34,401 $18,779 $164,830 22% 46% - 21% 11% 2023 (Actual) $30,571 $170,180 $12,388 $26,983 $8,078 $248,200 12% 69% 5% 11% 3% 2024 (Adopted) $53,480 $266,767 $12,760 $15,000 $15,901 $363,908 15% 73% 4% 4% 4% 2025 (Approved) $51,854 $275,840 $28,342 - $16,150 $372,186 14% 74% 8% - 4% 153 This chart visualizes the total amount of funds used with a bar chart that corresponds to the right axis labels and the amount of each use with a line chart that corresponds to the left axis labels. 0%10%20%30%40%50%60%70%80%90%100% 2019 2020 2021 2022 2023 2024 2025 BJAD TDM Uses of Funds (% of Total) Administration (Economically Vital)Community Vitality Customer Service Economic Vitality & District Management Cost Allocation & Transfers Capital Improvement Program $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $0 $100,000 $200,000 $300,000 $400,000 2019 2020 2021 2022 2023 2024 2025 BJAD TDM Uses of Funds (Amounts): TOTAL (right axis)Administration (Economically Vital) Community Vitality Customer Service Economic Vitality & District Management Cost Allocation & Transfers Capital Improvement Program 154 Boulder Improvement District Analysis Report FUTURE – PLANS, PROJECTS, & PARTNERSHIPS Looking to the future, previous planning efforts and key partnerships will be instrumental in shaping the evolution of BJAD. Summary of Planning Efforts/Past Plans Related to the District Many of the City of Boulder’s past planning efforts relate to, and will impact, the BJAD areas. Below is a summary of common themes found in plans that apply to Boulder Junction. The reviewed plans include Boulder Valley Comprehensive Plan 2020 Mid-Term Update, Boulder Transportation Master Plan (2019), Boulder Parks and Recreation Master Plan Update (2022), and the Transit Village Area Plan (2007, amended 2023). 1.Transit -Oriented Development a.This location was chosen for development due to its proximity to the railroad tracks, with the vision that one day there will be rail connection to Denver with RTD service, as well as the greater region through the Front Range Passenger Rail. b.As such, land uses and densities will be reflective of the high potential of the area to be both a neighborhood and a destination. 2.Connectivity a.This includes building out a complete, fine-grain street network, as well as connecting to other districts and parts of the city/region by transit. 3.Multi-modal transportation options a.Boulder Junction will be a pedestrian-oriented multi-modal hub, with options for connecting to and from the district for those walking, rolling, and using public transit. b.An especially important point here is establishing first- and last-mile connections to provide mobility choices for residents, employees, and visitors once they arrive in the district. Key Projects Likely in the Near-Term •Capital Improvement Projects: o Branding & Wayfinding Signage Project •Other Projects: o Boulder Junction Phase 2 The Phase 2 area is west of the rail tracks and currently outside of the BJAD area, but there is an opportunity to expand BJAD to include the Phase 2 area. o RTD reopening Boulder Junction transit station/bus terminal (expected in 2025) o New 2-acre pocket park across from the depot (construction possible by 2026) o Potential to consolidate BJAD-P and BJAD-TDM into a single district o Core Arterial Network (CAN) update for 30th Street Updating the street with protected bike lanes, intersection enhancements, and pedestrian and transit facility upgrades 155 Boulder Improvement District Analysis Report o Commercial covenant at Boulder Commons – developer is required to rent a portion of the ground-floor retail space below market rates to non-profit entities or local and independent business owners. BJAD Key Partnerships •Regional Transportation District (RTD) o RTD operates public transit services in the Denver metro area, including in Boulder. RTD is committed to reopening the transit station at Boulder Junction later this year, which will connect the district to other parts of Boulder and the region. •Boulder Chamber Transportation Connections (BCTC) o A 501(c)(3) nonprofit and is one of eight Transportation Management Organizations (TMOs) in the Boulder-Denver metro region o Services include sustainable transportation planning, employee commute options surveys, education and consulting, commute logistics, outreach events, advocacy, and local and regional leadership o Administers the BJAD EcoPass Program and helps promote micro mobility options in Boulder Junction Has partnered with Community Vitality in the past to host events related to raising awareness of Boulder Junction as a district and all the transportation benefits it has to offer 156 Boulder Improvement District Analysis Report 55TH & ARAPAHOE PROFILE BACKGROUND/CONTEXT The 55th & Arapahoe Station Area, located in the larger East Boulder subcommunity area, and pictured in the map above, is one of the city’s employment hubs. Anchored by institutions such as the Boulder Community Health Foothills Medical Campus, Boulder Municipal Airport, Flatirons Business Park, Valmont City Park, and the University of Colorado Boulder’s East Campus, the East Boulder area supports a mix of employment sectors, including research and development, healthcare, arts and culture, aerospace, and technology. Despite the robust employment base, the area currently lacks residential options, meaning that nearly all workers commute in daily. While there are some multifamily residential units on the south side of Arapahoe Ave, existing housing supply within the Station Area boundary is limited. The nearby San Lazaro Mobile Home Park, just outside Boulder City limits, is near the Station Area and home to approximately 460 residents. Additionally, the recently completed Weathervane Apartments, a mixed-income community located just east of the Station Area boundary on Arapahoe Ave, has added 317 more housing units to the area. 157 Boulder Improvement District Analysis Report The physical layout of the area reflects a legacy of auto-oriented planning. Wide roads, large blocks, and limited pedestrian infrastructure define much of the environment. Arapahoe Avenue, designated as State Highway 7, runs through the area and is one of the city’s busiest arterials. East Boulder, as described by many community members, feels like a series of disconnected “islands” that are active during the workday but largely quiet during evenings and weekends. Land use patterns consist primarily of older commercial and industrial buildings, many of which are aging but still in active use. Though reinvestment has occurred in some properties, new construction has been relatively limited, and the area lacks the pedestrian-friendly street grid and public amenities found in other parts of Boulder. The 55th & Arapahoe area is now poised for significant transformation. The area surrounding the intersection of 55th Street and Arapahoe Avenue is the planned location of a future State Highway 7 Bus Rapid Transit (BRT) regional station. This major mobility investment will bring high-frequency transit service connecting Boulder to I-25 and beyond, and will be accompanied by streetscape and multimodal infrastructure improvements. Together, these enhancements position the Station Area as a key opportunity site for transit-oriented development (TOD) within East Boulder’s evolving commercial and employment core. The East Boulder Subcommunity Plan and 55th and Arapahoe Station Area Master Plan, both completed in 2022, envision this area evolving into a more dynamic, mixed-use district with enhanced transportation infrastructure, improved amenities, and new housing opportunities. Implementing new governance mechanisms and investment strategies will be essential to support long-term economic growth and ensure alignment with these plans’ broader vision. KEY MARKET INDICATORS The 55th & Arapahoe Station Area has seen a substantial increase in property values over the past decade, with total assessed value growing by 134% since 2014 (not adjusted for inflation). The area is primarily characterized by light industrial and flex space, encompassing more than 700,000 square feet. Industrial vacancy rates, which spiked during the pandemic, have begun to stabilize. Office space is the second largest real estate category by inventory, comprising 11 buildings and just over 230,000 square feet. However, this sector has been significantly underutilized in recent years, with vacancy rates climbing to nearly 19% since the pandemic. Retail is limited in the area, with only about 75,000 square feet of space, which also experienced elevated vacancies due to pandemic-related impacts. Supporting data on key market indicators for 55th & Arapahoe are provided below. 158 Boulder Improvement District Analysis Report Key market indicators are being provided to look at existing economic conditions and changes since 2019, considered the pre-pandemic base year. Commercial Real Estate Trends Retail Vacancy (2024) 20.7% Inventory (buildings) 8 Inventory (sf) 75,866 Net absorption (sf) 1,696 Market sale price per sf $280.00 NNN rent overall $16.41 Office Vacancy (2024) 18.7% Inventory (buildings) 11 Inventory (sf) 232,554 Net absorption (sf) (5,781) Base rent overall $15.22 Multi-family Inventory (buildings) 1 Inventory (units) 70 Vacancy 1.4% Asking rent per unit $1,113 Industrial & Flex Inventory (buildings) 34 Inventory (sf) 703,733 Net absorption (sf) 55,511 Vacancy 10.0% NNN rent overall $14.76 Data source: Costar 0% 10% 20% 30% 40% 20242023202220212020201920182017201620152014 Retail Vacancy -55th & Arapahoe STAMP 0% 5% 10% 15% 20% 20242023202220212020201920182017201620152014 Office Vacancy -55th & Arapahoe STAMP 0% 5% 10% 15% 20% 20242023202220212020201920182017201620152014 Industrial & Flex Vacancy -55th & Arapahoe STAMP 159 Boulder Improvement District Analysis Report FUTURE – PLANS, PROJECTS, & PARTNERSHIPS The East Boulder Subcommunity Plan and 55th and Arapahoe Station Area Master Plan include several key priorities, informed by extensive community engagement, for the future of the 55th & Arapahoe Station Area: •A Mix of Uses: The Station Area’s existing light industrial, medical, and office base provides a strong foundation for mixed-use redevelopment. Recent zoning code updates to this area will allow for a broader range of uses, including a range of housing types, neighborhood- serving retail, and active ground-floor uses to support a community where people can live, work, and shop. •Multimodal Investment: The planned BRT station at 55th and Arapahoe offers a rare opportunity to anchor compact, high-intensity transit-oriented development. Increased density, paired with reimagined parking strategies and investments in shared mobility options, can support regional transit access while reducing single-vehicle dependence. •Public Realm Enhancements: As larger scale redevelopment opportunities occur, there is an opportunity to complete the street grid and introduce pedestrian-scale infrastructure. Investments in sidewalks, bicycle facilities, and green/open space could also help create a safer and more comfortable public realm while building a distinct neighborhood identity. •TDM Strategies: The area’s concentration of employment could support pilot programs to support micromobility and commuter-focused Transportation Demand Management (TDM) programs. These strategies, including shared parking and curbside management, will be critical to reducing congestion and making the most of limited public space. •Climate Goals: Future development can support Boulder’s climate goals through initiatives like rooftop solar, energy-efficient building materials, and urban greening to reduce emissions and mitigate urban heat island effects. Where possible, redevelopment or reuse of existing high use facilities could also focus on improving the energy performance. Property Values Total GID Value (Fiscal Year) 2019 $173,830,800 2020 $173,830,800 2021 $186,697,700 2022 $185,881,700 2023 $236,696,006 2024 $230,515,831 Change 134.0% Data source: Boulder County Assessor $0 $50,000,000 $100,000,000 $150,000,000 $200,000,000 $250,000,000 Total Property Value -55th & Arapahoe STAMP 160 Boulder Improvement District Analysis Report •Prevent Involuntary Displacement: A strong emphasis on equity will be essential to preventing involuntary displacement and gentrification as the area grows and changes. Policies that support affordable commercial space, retain essential services, and protect vulnerable tenants can help ensure the benefits of growth are widely shared by both existing and new community members. Partnerships and incentive programs can help align private development with long-term community goals. 161