May 19, 2020 — The City and County of Denver will delay the procurement process for the public private partnership (“P3”) for phases 3-8 of the National Western Center redevelopment (also known as the Triangle). A delay is appropriate because of the economic impacts from reduced tourism tax revenues due to COVID-19.
Current construction on phases 1 and 2 of the National Western Center project are proceeding. Despite this delay on phases 3-8, the city is committed to completing the full mission and vision of the National Western Center alongside its partners at the National Western Stock Show, CSU, History Colorado, and the Denver Museum of Nature and Science, as well as the National Western Center Authority, and others.
The city will monitor Denver’s recovery from the economic shock of COVID-19 and will evaluate options and timing to complete phases 3-8 project procurement, including exploring other opportunities for revenues to support this project such as potential federal infrastructure funds. Denver’s Office of Performance Based Infrastructure looks forward to pursuing completion of the campus under more favorable economic conditions, as well as making adjustments to ensure equitable participation in the community engagement process in light of COVID-19.
What began in 2012 with Denver Mayor Hancock’s commitment to keep the Stock Show in Denver, is now also a transformational redevelopment that is exceeding our expectations. This work to rebuild North Denver will create robust business and industry opportunities, both economic and social, and provide 100 years of regional and state benefits.
The National Western Center Master Plan, adopted by City Council in 2015, outlined eight phases for the completion of the campus. In order to continue our commitment to residents, maintain industry momentum, and maximize opportunities and efficiencies across all eight phases of redevelopment, the Mayor’s Office of the National Western Center is looking for a development partner to build out the remaining phases of the campus, beyond Phases 1 and 2, to complete the vision of the National Western Center.
Phases 3-8 (aka The Triangle @ NWC) will complete the NWC campus and key assets. The City and County of Denver’s Office of Performance Based Infrastructure (PBI) is leading the procurement efforts.
“The Triangle will complete our commitment to environmental clean-up of the site, ensure the Stock Show remains in Denver and viable and will create jobs for the next 100 years.” Said Mayor Hancock “We call upon industry to bring expertise and innovation as our partner to complete this campus.”
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