Urban Renewal Areas
In an effort to keep Westminster vibrant and responsive to community needs, redevelopment opportunities are being addressed throughout the city. The Westminster Economic Development Authority (WEDA) was created to provide a regulatory and financial vehicle for improving and redeveloping properties and facilities within defined urban renewal areas (URAs).
Accordingly, WEDA was authorized to provide funding for administration, planning and financing of revitalization and redevelopment projects. WEDA’s principal revenue sources are sales tax increment and property tax increment within each of the URAs. Westminster City Council serves as the WEDA Board of Directors.
Since its inception in 1987, WEDA has established seven URAs:
Westminster has three designated Opportunity Zones:
Downtown Westminster; Historic Westminster; Westminster Station TOD