On Tuesday, a long-discussed effort to convert an underutilized portion of the Central Park Station parking lot into affordable housing is advancing.
The RTD Board approved entering exclusive negotiations with Ulysses Development Group to create a complex that offers up to 900 affordable units at a park-n-ride lot on the west side of the station area.
This initiative is part of RTD’s broader strategy to increase transit-oriented housing developments near rail and bus stations.
“What we’re seeing is a change in parking utilization and ridership, and also we’re seeing an affordable housing crisis in the region,” said Chessy Brady, the Transit Oriented Development (TOD) manager for RTD.
The affordable units would primarily serve working-class individuals and families. Connor Larr, managing partner at Ulysses, noted the site’s strategic location on the A-Line as a key focus area. Despite being a long-term project, securing funding for affordable housing units can be challenging.