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Mostcitieshaverundownareaswithdeterioratinginfrastructurevacantstorefrontsdecliningpropertyvaluesandotherfactorsthatreducethequalityoflifeandeconomicvitalityofthecommunity.BURAsmissionistoencourageinvestmentandreinvestmentwithintargetedareasofthecommunitywhilestrengtheningthetaxbaseofthewholecityandgrowingtheareasjobbase.BURAleveragesresourcesandpartnershipstodeliverhighqualitycommunityimprovements.TheBrightonCityCouncilhasapprovedseveralurbanrenewalplansthatencompassmuchofdowntownBrightonandtargetedareastothenorthandsouth.Theseareasarecharacterizedbyavarietyofblightfactors.BURAisaneconomiccatalystforthoseareasusingitsauthoritytoleveragefundsandforgecreativepartnershipswithprivatedevelopersbusinessesandotherinvestors.BURAmayassistinpropertyacquisitiondevelopmentnancingpublicimprovementsordevelopmentapproval.SinceitsinceptionBURAhasattractedmorethan430millioninprivateinvestmentandcreatedorretainedapproximately900jobsintheurbanrenewalareas.WHATWEDOWithoutpublic-privatepartnershipstodirectprivateinvestmentintoblightedareastherewouldbenonewrevenueasdevelopmentonthosepropertieswouldnotoccur.DowntownColoradoInc.4