AURA DIRECTOR ANNOUNCES INTENTION TO RETIRE


Press Release City of Arvada

Timothy Steinhaus Will Leave on July 5, 2011

Arvada, CO……..After 13 years with the Arvada Urban Renewal Authority (AURA), Executive Director Timothy Steinhaus announced his intention to retire effective July 5, 2011.

Many significant projects and milestones were accomplished during Steinhaus’ tenure with AURA, not the least of which was the sunset of AURA’s original district, Arvada City Center in 2006. This district included the retail power center located on Wadsworth Boulevard just north of I-70. The City Center district was only the second to sunset in the State of Colorado and is widely regarded as one of the most successful examples of urban renewal in the State, increasing the City’s tax revenues by over $13.7 million per year. In addition, AURA has established five new districts under Steinhaus’ direction including Ralston Fields which will revitalize the central business district of Arvada. This district began with the redevelopment of the abandoned Ridge Home State Hospital into a Super Target-anchored shopping center, with future residential and transit phases to come.

Perhaps most significant is the revitalization of Historic Olde Town Arvada that has occurred under Steinhaus’ leadership. He also oversaw the development of the Water Tower Village, a 600-unit new urbanistic village located adjacent to Olde Town.

“Tim Steinhaus has changed the face of Arvada through all the quality redevelopment projects he oversaw and is responsible for revitalizing many key sites in our City,” stated John Carpenter, Chairman of the AURA Board. “Due to his efforts, Olde Town Arvada has been selected to compete for DRCOG’s best Live/Work/Play community”.

Mr. Steinhaus’ future includes volunteering for Habitat for Humanity and building homes in third world countries.

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