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Drastic changes will be coming to South Seventh Street in Grand Junction in the near future, even if it takes a few years for those changes to begin. ....
The city announced a pending $7.85 million purchase of a hotel last week and it may issue a request for proposals in “the next few months” to find others. ....
Registration is open! The city of Denver’s pending $7.85 million purchase of a hotel in northeast Denver last week likely won’t be the last of its kind. Mayor Michael Hancock stood alongside Congresswoman Diana DeGette last Thursday to announce the city’s intention to put $2 million in federal funds toward the purchase of the 96-room, would-be Travelodge Hotel at 12033 E. 38th Ave., with the intention of converting it to a homeless shelter. The city’s assistant director of real estate, Lisa Lumley, told BusinessDen this week there could be more hotel purchases in the future. While the city didn’t put out an official request for proposals when seeking this initial purchase, Lumley said, one could be issued seeking future buys in “the next few months.” ....
City negotiating $7.8M purchase of northeast Denver hotel for homeless shelter Photos courtesy of Hugo Weinberger) The city of Denver plans to buy a hotel to house a portion of its homeless population. U.S. Rep. Diana DeGette was in northeast Denver Thursday with Mayor Michael Hancock to announce that she is working to secure $2 million in federal funding to help the city purchase the former Stay Inn at 12033 E. 38th Ave for $7.85 million. The owner of the 96-room property, Hugo Weinberger, president of the Englewood-based Situs Group, told BusinessDen Thursday the deal is still in the letter of intent stage, and the city is not yet under contract. ....