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Lakewood Reinvestment Authority
Lakewood voters approved the formation of the Lakewood Reinvestment Authority (LRA) on November 4, 1997. The Authority encourages private reinvestment within targeted areas of Lakewood to enhance, preserve, and restore the City's vitality and quality of life. Currently, the LRA staff is housed in the Community Planning and Development Department, staffed by the Director of Community Planning and Development and an Economic Development Specialist. The LRA is also staffed part-time by employees in other City departments.
LRA Mission Statement
The fundamental mission of the Lakewood Reinvestment Authority is to encourage private reinvestment within targeted areas of Lakewood. The Lakewood Reinvestment Authority (LRA) has been created by its citizens in order to enhance the City's ability to preserve and restore the vitality and quality of life of the Community.
LRA Goals
Maintain a Strong Identity and Image for Lakewood. Lakewood's blend of rural and urban/suburban environments is unique among Denver metro communities. Lakewood has a strong character, with a special image that reflects the needs of its residents and its underlying physical organization.
Assure Economic Soundness of Public/Private Development. The activities of the LRA are joint efforts between the Authority and private investors. For the sake of both entities, the economic viability of proposed projects is of the highest priority.
Increase the Tax Base.
Maintain and improve these city services upon which Lakewood residents rely for their quality of life. Because the City of Lakewood relies heavily on its retail tax base, it is necessary to encourage positive redevelopment of retail sales sites.
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2009 LRA Budget
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