Looking to Union Station's past, Denver hopes to bring $500 million to revitalize downtown

DENVER — Four years after the start of the pandemic, Denver Mayor Mike Johnston on Thursday announced an initiative to help revitalize downtown Denver as businesses continue to shutter as hybrid work has taken a toll on commercial vacancies and safety concerns have reduced overall foot traffic.

Small businesses fill a vacant downtown in pop-up programs The idea is to extend the Downtown Development Authority , first established to fund Union Station transformations and bring millions of dollars of investments over the next 10 years into downtown. “We will extend the Downtown Denver Authority, a financing stream that was put into place to support the infrastructure and vision for Union Station,” said Johnston. “If we successfully activate that tool, that will allow us to invest more than $500 million into the investment in downtown.”Johnston said the investments would come to downtown without new taxes.

The mayor hopes to extend the DDA to an additional 15 years, but it would take three steps to make the change, starting with action from Denver’s City Council.“The council will lead an effort for a vote to ratify and extend the Downtown Denver Authority and will work with commercial and residents in the initial footprint to approve that extension,” said Johnston.

“This campaign will start with a conversation with downtown residents, starting today we will go public with a website on which every Denverrite can chime in with their own hopes and dreams for what they want from downtown,” said Johnston. “That would result in a criteria for investment that would come out at the end of this year that would guide the investment we would make in downtown,”

Downtown Development Authority Dda Denver City Council Denver Downtown Investments Denver Mayor Denver Mayor Mike Johnston Denver News Denver Union Station Downtown Denver

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