How does Reinvestment benefit the citizens of Lakewood?
LRA establishes Reinvestment Areas in areas where the existing conditions negatively impact the community and where barriers impede redevelopment. Reinvestment results in quality redevelopment that benefits the adjacent neighborhoods, and permanent increases in the revenue that the City has available to provide services to its residents. How does Reinvestment benefit Lakewood businesses? Businesses thrive in commercial areas that are vibrant and attractive. In some areas of Lakewood, market forces were failing to draw private redevelopment due to costly improvements needed to meet health and safety codes. In designated reinvestment areas, the LRA is authorized to use a variety of tools for redevelopment. LRA reinvestment projects strengthen the area for all businesses. The LRA can also offer support to existing businesses within a reinvestment area. How does the LRA decide where to designate a Reinvestment Area? Colorado Revised State Statue defines the criteria for establishing reinve
