{"id":832,"date":"2025-07-30T21:00:13","date_gmt":"2025-07-30T21:00:13","guid":{"rendered":"http:\/\/www.agencywebdesigners.com\/?p=832"},"modified":"2025-07-31T14:25:22","modified_gmt":"2025-07-31T14:25:22","slug":"denvers-first-100-million-in-downtown-grants-unveiled-for-housing-business-projects-and-civic-center","status":"publish","type":"post","link":"http:\/\/www.agencywebdesigners.com\/index.php\/2025\/07\/30\/denvers-first-100-million-in-downtown-grants-unveiled-for-housing-business-projects-and-civic-center\/","title":{"rendered":"Denver\u2019s first $100 million in downtown grants unveiled for housing, business projects \u2014 and Civic Center"},"content":{"rendered":"
Ten projects in downtown Denver \u2014 ranging from office-to-housing conversions to business concepts \u2014 are set to get cash infusions as city leaders seek to bring foot traffic back to a struggling but vital part of the urban core<\/a>.<\/p>\n The roughly $100 million in awards announced Wednesday would come from the Downtown Development Authority<\/a>, a voter-approved special taxing district that allows the city to use a portion of tax revenue generated downtown for projects in the area. The grants are the first ones announced that will make use of hundreds of millions of dollars under the expanded DDA.<\/p>\n The proposals still must win approval from the City Council.<\/p>\n \u201cOur priority is to help bring projects to life that will bring thousands of people back to downtown \u2014 and will create new energy and new excitement for the people who live, work and play in Denver,\u201d said Doug Tisdale, the chair of the DDA board, during a late-morning news conference in the McNichols Building in Civic Center park.<\/p>\n The projects selected will support new housing, updates to downtown parks and more attainable retail space for local businesses.<\/p>\n The authority\u2019s biggest cash infusion is set to be $30 million to \u201cactivate\u201d Civic Center park. That would mean new infrastructure, lighting, garden walkways and trees to improve the park as an amenity and make it more accessible, according to a news release from the mayor\u2019s office.<\/p>\n Other projects selected include:<\/p>\n The spending is intended to be more than just an effort to make Denverites pleased with their downtown, though. It\u2019s a key element of the city\u2019s plan to recover from its financial crisis.<\/p>\n Downtown activity, which once made up a significant portion of the city\u2019s sales tax revenue, hasn\u2019t recovered fully from the COVID-19 pandemic. As Denver stares down a $250 million budget shortfall<\/a> over the next two years, officials are hoping to revitalize the budget books.<\/p>\n \u201cWe think it\u2019s important not to stand still in these moments,\u201d Denver Mayor Mike Johnston said.<\/p>\n\n