City Prepares Bond Issuance for National Western Center
The City and County of Denver will pursue issuance of the remaining $274 million in voter-approved revenue bonds to support construction of the National Western Center campus and the Colorado Convention Center Expansion projects. The investment in the two programs is expected to have an estimated $10 billion economic impact on the regional economy and will support nearly 7,200 jobs over the next three years.
The city and partners remain committed to completion of the full vision of the campus as outlined in the master plan. The city has also formally halted the process to identify a private partner to design, build, finance, operate and maintain future phases 3-8 of the National Western Center campus, also known as the Triangle. Construction of phases one and two will continue to move forward as the city works with the National Western Center partners to prioritize the remaining campus assets.
“As we transition from rescue to recovery, we are making this investment at a critical point for our city. These investments create good-paying jobs and economic opportunities for thousands of residents and businesses that have been burdened by the COVID-19 pandemic,” said Mayor Michael B. Hancock. “Infrastructure investments work to recharge our local economy, as we know well from the Great Recession, and we will deploy these same tools here combined with an equity lens to support our economic and financial recovery.”