Four council members voted against the Denver Post building purchase financing on Monday with Shontel Lewis calling the deal a “terrible use of tax dollars.”
The Denver Post moved the last of its news operations out of this building at 101 W. Colfax Ave. in 2018 as part of a cost-saving effort. On Monday, the Denver City Council approved the city issuing up to $90 million in debt to buy the building to use it as future space to meet the city’s need for courts and judicial space.
Those totals exceed the estimated purchase price of each building. City real estate officials have previously projected that 101 W. Colfax will cost the city $88.5 million. The price of the Embassy Suites, meanwhile, has been tabbed at $21 million. The city has been renting the 205-room hotel at an estimated cost of $825,000 per month. It has been used as a homeless shelter for families since late December.
Lewis has previously highlighted potentially cheaper, distressed buildings she argued were a better deal in the Central Business District area. She has also argued that more courts space is not a pressing need at a time when the city is cutting budgets and“I just think this is such a terrible use of tax dollars and it’s not a comprehensive strategy revitalizing downtown,” she said Monday.
Colorado's first Buc-ee's opens its doors with Texas brisket, beaver nuggets and super-clean restrooms
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