CU hostpital size rezoning OK'd
Christopher N. Osher
January 21, 2009
The Denver City Council on Tuesday approved rezoning nearly 32 acres to pave the way for redevelopment of the vacated campus of the University of Colorado Health Sciences Center along Colorado Boulevard.
The rezonings received a 10-0 vote, with council members Michael Hancock, Carol Boigon and Charlie Brown absent.
Before the plan for a "new urban center" moves forward, the council probably will have to take another vote on a more controversial issue.
Peter Culshaw, executive vice president of developer Shea Properties, said after the vote that details still are being worked out on a tax-increment financing proposal.
Establishing a tax-increment district would reserve new growth in taxes generated by development to pay for infrastructure improvements. Labor groups already are warning the council that any such financing should come with a guarantee to produce jobs that pay well.
The hospital and medical school site became vacant when the Health Sciences Center relocated to the Anschutz Medical Campus in Aurora. Plans call for a mix of retail, entertainment, hotel and multi-unit residential uses and the creation of a new "town center." Culshaw said the project could generate somewhere between $500 million and $1 billion in development, depending on market conditions, and would take years to complete.
The property is bounded by East Eighth Avenue on the south, Colorado Boulevard on the west, East 11th Avenue on the north, and the Veterans Affairs Medical Center and Clermont Street to the east. It encompasses portions of the districts of council President Jeanne Robb and Councilwoman Marcia Johnson.