The Castle Rock Town Council Tuesday night approved a public financing package for a $300 million redevelopment project called Miller's Landing that could include office space, retail and a hotel.

Miller's Landing will be located at the northwest corner of Interstate 25 and Plum Creek Parkway on a 65-acre property that was once a landfill and has sat vacant since 1979.

The first phase of the development will include the $12 million remediation of the landfill site.

P3 Advisors will redevelop the land, including $65 million in public infrastructure improvements, and sell pad sites to vertical developers after the remediation.

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