Denver launches 1st round of projects funded by $937M bond package
Author: Adam McCoy - May 23, 2018 - Updated: May 23, 2018
Denver is ready to go with the first round of projects to be financed through the $937 million bond package approved by voters last fall.
The initial $193 million set of projects — including a major remodel of the Denver Art Museum’s North Building — was OK’d by the City Council this week.
They also include renovations at Denver Health, Denver Botanic Gardens, the Denver jail system and several city parks as well as construction of bike lanes and road and bridge improvements among others, according to the city.
“The Department of Finance has been working diligently to ensure we are helping the program team move as quickly as possible to begin delivering on projects the voters approved,” Denver Chief Financial Officer Brendan Hanlon said.
Hanlon added the city plans on going to market with the bonds issuance in June, to “start infusing the initial projects with the money they need to move forward.”
Denver voters overwhelmingly supported the general-obligation (GO) bond measures, with support ranging from 67 to 75 percent on the seven bond packages on the ballot.
Denver plans to use the $937 million in GO bond packages to fund 69 projects ranging from $13 million in upgrades to the 16th Street Mall to $35.5 million for Denver Art Museum improvements and Denver Central Library renovations totaling $38 million. Find a complete list here.
The city hired Atkins North America Inc. in December to help evaluate the timing of project construction, coordinate with city agencies and track and report the progress of projects.