Commerce City approved plans and financing for a mixed-use retail and residential development at the old Mile High Greyhound Park during a June city council meeting.
The multi-million dollar project will break ground at the 62- acre plot sometime next year, according to Commerce City officials.
In 2011, the city and its urban renewal authority purchased the site. Dog racing ended in 2008, and the structure itself was torn down in 2013.
Before the Urban Renewal Authority purchased the plot, it was being considered for additional industrial development. However, local desire to re-energize the area and return it to a community space prompted the city to purchase the land.
“It’s such a nostalgic place,” Julia Virnstein, a Commerce City official, said. “You can’t really talk to anyone whose lived here for more than 10 years without hearing a story about this place.”
In that community spirit, a Boys and Girls club opened in the fall of 2015. The city released its master plan for the site in 2016 after considering feedback from the community and coordinating with the developer Real Estate Generation.
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Upon completion, the mixed-use development could potentially support 1,454 permanent employees and generate $65.4 million in annual income, according to the city.
The residential portion will also include neighborhood parks and community space.
To date, the Commerce City Urban Renewal Authority has invested more than $6 million in the property.
Source:: The Denver Post – Business