Denver City Council passes East Colfax hotel financing, but bulk of new members vote no

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Denver City Council passes East Colfax hotel financing, but bulk of new members vote no
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A scaled-back plan to redevelop a dilapidated East Colfax hotel with the help of public funds moved forward on Monday, although it got a chillier reception from the Denver City Council than it did …

“It became pretty clear to me that was a very desirable outcome here, but it took me a long time to get comfortable with it,” Toerber said Monday. “I’m not a hospitality developer; my background is multifamily, so I had to kind of get the learning curve, and when I got there the pandemic hit.”

“Their feedback was, we would never support a development this large, this speculative in this neighborhood,” he said. “Blight doesn’t have a tendency to stay within the four corners of the property,” Huggins said. “It impacts the other areas as well.”

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