1) Central 70 Drainage System Nearing Completion; Traffic to Move to Below-Ground-Level Lanes
The new below-ground-level lanes on Central 70 between Brighton and Colorado Blvds. will have a storm water system robust enough to keep the roadway drained during a 100-year storm. Water will be diverted to an underground pump station (photo at left and on p. 2) that will then send the water to a detention pond to be tested and treated before being released into the South Platte River. Water from the pump station can also be used to suppress vehicle fires. That water will be diverted into a separate section of the pump station where it will be sent to a large tank for testing to determine if it needs further treatment or can join the rest of the storm water. Once the pump station is operational, projected as soon as this spring, traffic will be rerouted to the new below-ground-level lanes, and demolition of the old viaduct can commence. Storm water from the four-acre park above the new roadway will also drain to the pump station. Visit c70.codot.gov for more info.
2) 168 Apartments Coming to Stanley
The Stanley Residential apartments will be two five-story buildings that, side by side, create a W shape. The east end of the complex faces Dallas St. at E. 23rd Ave., with the north side facing Stanley Marketplace. The west end faces Westerly Creek, where there’s a trail to Stanley Marketplace.
Approximately 4,000 sq. ft. of retail will be built on the ground level at 23rd and Dallas—with 4,000 sq. ft. of apartment amenities at 23rd and Clinton. The units are built one story above ground level, providing 157 parking spaces on the ground level.
The interiors pick up on the aviation theme of Stanley and the compact space-saving design of aircraft, with built-in space-saving features such as: fold-down tables, cubbies, fold-down counters, sliding walls and Murphy beds. The plans point out that replication of these functional components in all units is both cost-effective and adds “design flavor.”
The units include: 44 micro units (353 – 358 sq. ft.); 80 1-bedroom units (522 – 670 sq. ft.); and 44 2-bedroom units (813 – 982 sq. ft.)
The project owner is the Westfield Company with architecture by Shears Adkins Rockmore. Jonathan Alpert of Stanley Residential says construction is expected to start mid-April and occupancy is projected for late Summer 2022.
The new apartments featured last month at 2201 Clinton St. are just across the street from Stanley Residential (both renderings are above). The two complexes together will bring 506 new units to the two blocks just south of Stanley.
3) Special District Taxes in Central Park. How Much Is the Debt and When Will it Be Paid Off?
Special districts submit an annual report to the state’s Department of Local Affairs (DOLA).The Park Creek Metro District’s (PCMD) 2020 report posted on the DOLA website shows $51,669,250 reaches maturity in 2041 and another $1.8 million matures in 2044. In 2051, $172,710,000 will reach maturity.
Special district tax rates are unlikely to be reduced in any significant way until debt is paid off. After the debt is paid, Central Park will continue to have a special district tax to cover continuing maintenance of community facilities including pools, pocket parks and alleys.
Approximately 10% (310 acres) is under development now or remains to be developed. Of the 310 acres, approx. 122 acres are residential for sale, the rest are rental or commercial uses. Front Porch has submitted an extended list of questions to PCMD about Central Park’s infrastructure development and debt; we hope to have those answers by next month.
4) Westerly Creek Metro District (WCMD) collects your taxes. It has a vacancy on its board. Central Park residents can apply by 3/19.
To view the legal announcement of the WCMD Board vacancy, CLICK HERE. Central Park residents interested in being on the WCMD board should email a letter to email@example.com by March 19 with the reasons you want to be on the board.
More detail on Central Park’s special districts is posted HERE. In short, WCMD is a legal taxing district with a board now entirely composed of community residents. It is legally obligated to bring into its boundaries all the Stapleton Airport land the developer purchases from Denver and pass the collected tax revenue to Park Creek Metro District (PCMD).
WCMD tax revenue is used to fund local neighborhood development (neighborhood streets, alleys, pocket parks, pools). Tax increment financing (TIF) generated from 2000 to 2025 pays for trunk infrastructure including primary roads, drainage, water and sewer lines, and parks. PCMD is solely responsible for the financing and construction of all infrastructure in Central Park.
Visit WCMD’s website at https://westerlycreekmetro.org/