At Tuesday’s City Council Meeting, councilmembers approved and authorized the execution of a Redevelopment and Reimbursement Agreement with Broomfield Town Square Alliance LLC, in connection with the Civic Center Project (view the memo
The Redevelopment and Reimbursement Agreement addresses generally, the sharing of revenues generated from within the property by Broomfield and BURA with the developer, the character of development to occur, management of the project, affordable housing, the conveyance of property to the developer and the extent of public improvements.
A timeline for the overall project may be viewed here
The preparation of zoning documents has begun. They are expected to be submitted to the City and County in early 2020, and are tentatively scheduled to be presented to the City Council for its consideration in late spring of 2020.
Additional actions regarding this project that will be presented to the City Council over the next six-months include consideration of the formation/reformation of an urban renewal district, an urban renewal plan, a cooperation agreement among BURA and the City and County, formation of a business improvement district and a metropolitan district service plan.
The BURA approved Resolution No. 2019-249-UR, on October 28, 2019, approving the proposed Agreement.
Completion of the Civic Center is called for in the 2016 Comprehensive Plan and has been an ongoing priority of the City Council.
Based on community input and focus groups, the plans generally propose:
- A substantially enlarged Community Park Pond wrapping around the Library and Auditorium towards First Avenue;
- Extensive plaza and walking areas including outdoor dining, entertainment areas, and public art;
- Approximately 50,000 square feet of retail and restaurant uses, a 100 room inn, 22 row-houses;
- Approximately 365 dwelling units including opportunities for affordable housing;
- A re-purposing of the Safeway building into 25,000 square feet of retail area, 15,000 square feet of co-working space, 10,000 square feet of community space and 10,000 square feet of common area.