A development project set to bring life back to one of Denver’s historic jazz venues is set to get extra help from the city to make it happen.
The Finance and Business Committee, a group of City Council members who take up budget and economic development decisions, unanimously approved the creation of a tax increment financing area around the Rossonian Hotel to help reimburse up to $15.5 million for the building’s revival on Tuesday.The matter is set to go to City Council as a public hearing on June 1 for final approval.
This project led by Palisade Partners has been a years-long initiative that aims to take the historic hotel at 2650 Welton St. and transform it into a mixed-use development with more than 150 hotel rooms and restaurant, retail and event space…