Cities in Colorado are finding that entering into a seemingly binding contract with a developer to construct a critical downtown project does not mean it will ever, in fact, be done. The City and County of Broomfield entered into a $300 million agreement in 2019 with developers to construct a Broomfield Town Square on Main Street.
However, the September 12, 2026, deadline to pull the required building permits lapsed with no action taken. On October 13, the Broomfield City Council issued a notice to the developers to show cause why the Site Development Plan should not be revoked.
Even more frightening, the City of Glendale, in a court filing, accused Denver-based Central Street Capital (“CRC”), headed by Rob Salazar and his family, through a related entity, of inventing an excuse not to perform its obligations regarding the $150 million Four-Mile District along Cherry Creek on Virginia Avenue, down from Shotgun Willie’s. CRC then sued the city for $20 million in state court, the same amount a Salazar-related entity has sought from the City and County of Denver in an unrelated suit regarding property in Globeville…