DENVER (KDVR) — The Denver Downtown Development Authority was joined by Denver Mayor Mike Johnston on 16th Street on Tuesday to announce that the board was well on its way to purchasing the Denver Pavilions.

The Denver Pavilions is a shopping district that takes up the two city blocks between 15th and 16th streets and between Welton and Tremont streets. On Tuesday afternoon, city leaders announced that the Denver Downtown Development Authority plans to purchase the site for $37 million.

Another $8 million in DDA funds has been made available for property improvements, leasing and redevelopment planning, according to a city release. The DDA intends to eventually sell The Pavilions to another entity to complete the new, mixed-use redevelopment vision for the site, the city added.

The DDA

See Full Page