Urban renewal is a state-enabled economic development tool used to revitalize deteriorating or underdeveloped areas. Redevelopment of urban areas is often more expensive than new development, so public action through an Urban Renewal Authority can be used to encourage private investment in the area. The Wyoming Urban Renewal Code enables municipalities to set up Urban Renewal Authorities which have the ability to designate Urban Renewal Projects. These projects can use a variety of tools for redevelopment, including tax increment financing (TIF). 

Cheyenne's Urban Renewal Authority (URA) is comprised of a board of five members knowledgeable in community planning, urban renewal, and business management. The URA reviews Urban Renewal Plans and Projects for specific areas and makes recommendations regarding the use of Tax Increment Financing (TIF). The Urban Renewal Plans and Projects and TIF-related development agreements require approval by the Governing Body.

The URA meets monthly. For agendas and minutes information, click here.