Project & Financing Facts Residents Should Know

To help residents make informed choices when deciding whether to sign the petition, here are important facts about the project and how it’s funded:

• The current plan avoids new taxes. The project is funded by revenue generated primarily within the West Greeley Project Areas, not from new taxes on Greeley residents. Like any long-term project, unexpected events such as an economic downturn could impact revenue.
• Certificates of Participation (COPs) are being used to fund early-stage design and infrastructure work. This is a commonly used municipal tool. The COPs will be repaid from the long-term bonds to be issued to finance construction.
• A nonprofit 501(c)(3) will issue those bonds to finance construction. The City is not the borrower.
• A General Improvement District (GID) will support infrastructure through a mill levy and special assessment applied only to properties within the development boundary.
• The City maintains a moral obligation to keep reserve funds whole if the project underperforms — but safeguards are in place to minimize this risk.
• By 2065, the project is projected to generate $360 million+ in net new revenue for the City. View the full financial FAQs.