Development
Imagine Your Life Here
The DBA, through Urban Renewal Funds, has invested millions in development, revitalization, and business in downtown. Urban Renewal and Development resources allow us to assist with the most important initiatives in downtown; Yours!
URBAN RENEWAL
Funding Priorities:
The goal of the Urban Renewal District is to eliminate blight through growth of the taxable value of property. The Downtown Billings Partnership Board, along with the City of Billings, have prioritized mixed-use development and housing, although all application-types are considered within the guidelines of the Urban Renewal Plan
How Do I Apply?
If, after reading through the Urban Renewal Assistance Program document available below, you believe your project to be a good candidate for Urban Renewal Assistance, you can begin the process by emailing our Development Director with the requested information in the document. An email link is provided below.
Who Oversees the Urban Renewal Assistance Program?
The Downtown Billings Partnership (DBP) is the managing company, by contract with the City of Billings, to manage Urban Renewal financing. The DBP Board of Directors works to directly oversee the work of the Development Director, and funds are regularly monitored by the City Finance Department. Large funding projects must also receive approval from City Council.
Is all of Billings paying for Urban Renewal?
Tax-Increment Financing is not an additional tax to property owners, but instead, a portion of the determined collected property taxes within the district are set aside for the sole purpose of reinvesting in growing and developing the district.
2008 Urban Renewal Plan
2012 Plan Amendment- Retail
1997 Framework Plan
Downtown Billings is Growing!
The most urban city in 500 miles, Billings MT is a growing community of business, culture, and lifestyle.