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Denver office issues $1b redevelopment project RFP
Transactions - DECEMBER 18, 2019

Denver office issues $1b redevelopment project RFP

by Andrea Zander

The City and County of Denver’s Performance-Based Infrastructure Office has issued an initial release of a draft RFP for the development of the southwest side of the National Western Center (NWC) campus, known as the Triangle Project.

Triangle Project is a triangle-shaped, 60-acre area on the southeast side of the National Western Center campus. The city is looking for a development partner to design, build, finance, operate and maintain public facilities, including:
• restoration of the 1909 Stadium Arena
• construction of an exposition hall
• construction of a new, midsize arena for the National Western Stock Show rodeos, concerts and other year-round entertainment events

The project will also include environmental cleanup of parts of the site and construction of infrastructure to support and connect the campus to surrounding neighborhoods.

In 2014 and 2015, the NWC Master Plan and relevant neighborhood plans were approved by Denver City Council and Ballot Measure 2C was overwhelmingly approved by Denver voters, funding the construction of Phases 1 and 2, the northwest portion of the campus. Since then, much of the foundational work for Phases 1 and 2 of the project has begun, but the Triangle Project, as outlined in the draft RFP, provides a means to deliver, finance and operate the elements of the campus not covered by the 2C funding, reported the Colorado Real Estate Journal.

Once complete, the National Western Center campus is expected to draw over 2.2 million new visitors annually.

To read and comment on the draft RFP and learn more about the Triangle at National Western Center, visit the PBI website.

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