The Colorado Springs Urban Renewal Authority (CSURA) was established by the City of Colorado Springs City Council in 1970 through the approval of Ordinance No. 3995. CSURA is a tool to assist with the restoration and redevelopment of specified areas determined to meet the State Statutes for blight. CSURA promotes projects that supply public benefit, provide quality sustainable places, create jobs, promote public art, offer affordable housing and raise the standard of development in Colorado Springs. These projects are achievable through the coordinated partnerships of private and public entities, civic leaders, financial institutions and the use of tax increment financing. The objective of CSURA is to facilitate development of balanced, sustainable environments where people live, work, and come together as a community.