REI Flagship Store in Denver Repays Its TIF Three Years Early
The REI Denver Flagship store, located in the former Denver Tramway Powerhouse building along the South Platte River, has repaid its $6.3-million tax increment financing (TIF) reimbursement nearly three years earlier than expected.
The sales tax TIF, which helped reactivate the 90,000-sq-ft building and bring REI to the Central Platte Valley, was set to expire in April 2015, per the urban renewal plan set forth by the City of Denver, the Denver Urban Renewal Authority (DURA) and REI in 1998.