Likely ballot measure would increase Denver debt by $570M in exchange for downtown infrastructure investment

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Denver,Denver City Council,Denver Downtown Development Authority

Colette Bordelon is a reporter with Denver7.

On a sunny Tuesday afternoon during a Rockies game, downtown Denver was filled with people walking around Union Station. Denver Mayor Mike Johnston wants to see that atmosphere throughout the entirety of the city's downtown core. He hopes to accomplish that with a measure worth millions of dollars likely appearing on some ballots this November. The idea is to extend the Downtown Development Authority , which was first established to fund Union Station transformations over a decade ago.

So if we did nothing, they would just spend half a billion dollars more on Union Station. But, we don't need to do that. Those 2,500 people are being kind enough to say, we're happy to take the money that was supposed to be used just for our neighborhood and actually give it to the rest of downtown.”Denver7 asked Johnston if it is worth it to make such sweeping investments in downtown Denver, when many locals have began spending their time outside of the city center.

 

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