By Julio Rausseo
Cheyenne Downtown Development Authority may get $412,500 from the city of Cheyenne beginning in fiscal year 2017. The agreement was reached this week. The DDA sought the additional funding commitment once Cheyenne Light, Fuel, and Power moved its headquarters out of the downtown district. As a result of the move, most of the DDA’s funding left as well. Councilman Dr. Mark Rening says the commitment by the mayor shows the importance of downtown revitalization, and gives downtown property owners some insurance as the Mill Level Continuation vote looms.
The DDA would have to apply with the city in order to receive an additional $125,000 for economic development. According to Dr. Rening the application process may be similar to how the Wyoming business council treats projects. However the final determination has not been made as to whether it will be an administrative or city council determination.
The city will take over from the DDA taking care of trees in downtown, sponsoring events, and operating the clean and safe program.
