How we Operate
P3 is Parker’s Urban Renewal Authority and is dedicated to improving Parker. As an Urban Renewal Authority, P3 has access to unique financial tools to encourage redevelopment intended to improving Parker. Tax Increment Financing, or TIF, is the key financing mechanism of P3.
GOALS
- Create safe and beautiful spaces for public benefit.
- Proactively encourage the right type of growth in the right areas.
- Be flexible and entrepreneurial in identifying opportunities and solutions.
VALUE
P3 is a true partner that is committed to defining and accomplishing both public and private goals that improve the Parker community.
Enhancement
P3 is dedicated to improving and progressing Parker while maintaining the community's small-town feel and high quality of life.
Collaboration
P3 projects are public/private partnerships that include improvements to public spaces and amenities.
P3 collects thoughtful community feedback and integrates it into final plans.
Investment
While the majority of funds come from the private sector, public investment comes from Tax Increment Financing.
* Not all URA projects use TIF
MEETINGS
P3 is governed by an Authority Board that meets regularly to discuss and determine the future of P3’s work. Records of those meetings can be found here.
Board Meetings
Study Sessions
P3 Budget
Click on the year below to view the budget information
P3 Annual Report
As an Urban Renewal Authority, P3's charge is to reduce and eliminate blight by removing barriers to private development and reinvestment to help improve our community. There are three (3) active urban renewal areas in Parker: Cottonwood, Parker Road, and Parker Central.
