National Western Center project shaves $100M off cost estimates

DENVER BUSINESS JOURNAL - Leaders of Denver's push to remake the site of the National Western Stock Show have cut the estimated $865 million cost of the project by $100 million, an official told the Colorado Economic Development Commission today.

They've also acquired control of more than 80 percent of the parcels they need to move forward with their plans, the told commissioners.

Gretchen Hollrah, executive director of the Mayor’s Office of the National Western Center, said that officials have made several changes to the project that will bring down its estimated costs to $765 million and close a $200 million funding gap at which its trio of development partners — the City of Denver, Colorado State University and the Western Stock Show Association — were staring.

Maybe the biggest reduction of costs, made in consultation with Douglas County firm CH2M, was the elimination of a parking garage on current Denver Public Schools property that was problematic in both its cost and its time commitment, Hollrah said.

Read more at the Denver Business Journal: http://bit.ly/2zJZz77

Copyright 2017 Denver Business Journal


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