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We’ve been hearing about Mayor Michael Hancock’s big bond proposal since April. And while the list of projects it would fund got smaller, the cost got bigger. So what exactly is all that money going toward? Denver officials presented the final project list to the City Council’s finance committee on Tuesday, and here’s the breakdown.
In total, the bond would fund more than 80 projects falling into four categories: city facilities, transportation, parks and rec, and housing and shelter — with the large majority going toward city facilities.
Some projects highlighted by city presenters included new libraries for Westwood and Globeville, new parks, bike infrastructure, road reconstruction, and renovations of buildings like the historic 1909 Stadium Building and the May Bonfils Stanton Theater at Loretto Heights.
The most costly expense on the list, first announced in the mayor’s State of the City address on Monday, is a new National Western Center arena coming in at a hefty $160 million — accounting for roughly 35% of the bond package.
The city says these projects would create more than 7,500 jobs and generate around $1 billion in economic output.
The proposal will go before one more council committee, then Mayor Hancock, before going to the full council for two votes, and potentially landing in front of the voters in November.
[CO Politics; Denverite]
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