Professional Documents
Culture Documents
BSP Project
1
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Development Vision
Infrastructure Financing
2
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Timeline: Gates Rubber Factory Site
1911:
Charles and
Hazel Gates
acquire 1991:
Colorado 1917: Last V-belt
Leather & Tire John Gates produced in
Co. invents V-belt Denver
2
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Timeline: Gates Rubber Factory Site
2003:
Cherokee Gates 2009: 2015-2016:
Urban
Redevelopment Following I-25 & Broadway
Plan and economic Station Area Plan
Metropolitan downturn property and Infrastructure
District Service reverts back to Master Plan
Plans approved Gates approved
3
I-25 and Broadway Urban Redevelopment Plan
BSP Project
85 acre Urban
Redevelopment Area, 50 acre
In-fill Project Area
15 minutes by train
to major centers
2 miles to CBD;
7 miles to DTC
Daily Cars:
Santa Fe 100K
I-25 157K
Broadway 45K
Stable, attractive
neighborhoods
Extraordinary Mountain, CBD
Views
Major hub of the regional
light rail network
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Development Vision
6
I-25 and Broadway Urban Redevelopment Plan
BSP Project
7
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Four Sub-Districts
8
I-25 and Broadway Urban Redevelopment Plan
BSP Project
9
I-25 and Broadway Urban Redevelopment Plan
BSP Project
10
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Infrastructure Financing
11
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Infrastructure Financing
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I-25 and Broadway Urban Redevelopment Plan
BSP Project
13
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Intergovernmental Cooperation
Broadway Station Metropolitan Districts #1, #2, #3
Responsible for:
Contracting Infrastructure Construction
On-Going Maintenance of Improvements
14
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Coordination With Other Taxing Entities
20
I-25 and Broadway Urban Redevelopment Plan
BSP Project
16
I-25 and Broadway Urban Redevelopment Plan
BSP Project
17
I-25 and Broadway Urban Redevelopment Plan
BSP Project
19
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Proposed I-25 and Broadway Urban Redevelopment Area
20
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Repeal of Cherokee Gates Urban Redevelopment Plan
20
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Current Conditions Study Findings
Predominance of Defective or
inadequate street layout
Deterioration of site or other
improvements
Inadequate Public
Improvements or Utilities
Environmental contamination
of buildings or property
Substantial physical
underutilization or vacancy of
sites, buildings or other
improvements
16
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Need for Public Investment
Tax Increment Financing (TIF) is used when the project costs are
greater than the amount of traditional financing (debt and
developer equity) a project can support.
15
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Redevelopment Vision requires Significant Regional Infrastructure
24
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Land Conveyance
Storm Water Detention
25
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Conditions Study Findings
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I-25 and Broadway Urban Redevelopment Plan
BSP Project
Conditions Study Findings
16
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Conditions Study Findings
16
I-25 and Broadway Urban Redevelopment Plan
BSP Project
4
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Cooperation Agreement
Land Use Matters: Cooperate with DURA / Project
Special Program Requirements:
Project Art Follow DURA Policy
First Source DURA Policy
Construction Enhanced Opportunity DURA Policy
SBE Follow City Policy
Prevailing Wage Required by DURA Policy and Service Plan
30
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Approval Process
Resolution setting Public Hearing: August 28, 2017
22
I-25 and Broadway Urban Redevelopment Plan
BSP Project
32
I-25 and Broadway Urban Redevelopment Plan
BSP Project
Questions?
33