Recently, we heard complaints by advocates for Loveland’s Fire Department and the Thompson Valley School District over Loveland’s Economic Development Program.
Loveland’s competition with north Johnstown (25/34) area on the inside southeast corner of the I-25 and Highway 34 is causing concern for those struggling to raise money for local schools.
While it may seem counter-intuitive, every potential light manufacturer or office building Loveland can draw away from building in Johnstown is hurting services for Loveland residents see story
While businesses locating in Centerra certainly face significant property taxes, most of the Mill Levies they pay for schools, emergency medical, water district, Larimer County and even the City of Loveland never reach those entities. This is due to Loveland’s declaration of hundreds of acres as “blight” thus allowing McWhinney to divert all additional property taxes towards their own metro districts instead.
As an example, a $10 million office building constructed in Johnstown north will generate $340,000 annually for all those entities (except City of Loveland).
If the same building is constructed in Centerra than no additional revenue wil be collected because any improved value in the property is diverted to the Urban Renewal scheme.
Simply put, Loveland residents who don’t want to pay higher taxes to support our schools, emergency services and county (like jail expansion) need to support local development anywhere but in Centerra’s urban renewal areas. If successful in a current negotiation to attract another Loveland company into Centerra instead of Johnstown, Loveland will strike another large financial blow to those services.
Loveland’s City Council needs to consider the fiscal impact of their decisions on the residents they represent. Instead of raising taxes on everyone else or continue cutting back our services, why not show the courage to make McWhinney return even a modest amount?
Management is efficiency in climbing the ladder of success; leadership determines whether the ladder is leaning against the right wall.
~Stephen R. Covey


