The Denver Post Has A New Article On Fulenwider Development Plans At DIA
ANDREW KENNEY of The Denver Post ran a nice article and interview with Rick Wells regarding L.C. Fulenwider plans for development around Denver International Airport. Below is an excerpt with a link to the full article.
A development district is set for an estimated $110 million in spending just west of Denver International Airport, laying the groundwork for a high-tech commercial district near an A-Line rail stop.
The newly approved plan would pay for roads, sewers, parks and more in the Denver International Business Center, an area that eventually could stretch for more than a mile along Tower Road south of Peña Boulevard.
“This is a part of Denver that is continuing to grow. This is one of the few parts of Denver where there’s existing, open land,” said Rick Wells, senior vice president for developer L.C. Fulenwider.
The center already includes six hotels, along with office buildings and restaurants. A legal change approved unanimously by the Denver City Council on Monday night opens the door for much more.
The new spending will be financed by the area’s “metropolitan district” — an organization that collects extra property taxes from 84 acres in order to pay off debt and fund maintenance for infrastructure.
The district hopes to pay for public art, signage, shuttle services, street lights, public Wi-Fi and “smart” infrastructure. Fulenwider owns much of the land and is a primary driver of growth in the area.