March 27, 2024

PRESS RELEASE: National Western Center Authority Enters into Predevelopment Agreement with CAP on Equestrian Center, Hotel and Parking Garage

DENVER – On March 21, 2024, Authority Board members unanimously approved Resolution No. 2024-001, authorizing the execution of a Predevelopment Agreement with the preferred development partner on the Equestrian Center, Hotel and Parking Garage, Community Activation Partners (CAP).

In its proposal, CAP demonstrated its understanding of the GES community’s needs, its ability to meet project goals, its approach to mitigating financial risks, and its overall value through its thoughtful concept design.

The purpose of the Predevelopment Agreement between the Authority and CAP is to begin the next phase of the project, progress project goals, continue due diligence, integrate community feedback, and advance design to a level of detail sufficient for negotiating and agreeing to a Development Agreement, which will be considered for approval by City Council.

Over the next several months, we will continue the comprehensive community outreach and engagement process, which will provide community members the opportunity to provide input and share ideas related to this project.

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