Pending Decision

ITEM 5 - RESOLUTION LRA 2021-2 - $100,000 INCENTIVE GRANT

APPROVING A $100,000 ECONOMIC DEVELOPMENT INCENTIVES GRANT FROM THE LAKEWOOD REINVESTMENT AUTHORITY TO THE LAKEWOOD-WEST COLFAX BUSINESS IMPROVEMENT DISTRICT FOR THE MITIGATION OF BLIGHT AT 6501 W COLFAX AVENUE IN LAKEWOOD, COLORADO

Files

Staff Memo Grant ( 0.12 MB )
Resolution LRA 2021-2 ( 0.07 MB )
West Colfax BID - LRA Incentive Agreement ( 0.2 MB )
LRA Item 5 - West Colfax BID Letter of Support ( 0.21 MB )
To join the LRA Meeting for Public Comment
By iPad, iPhone, or Android device on the Zoom App, enter webinar ID: 982 4181 2713
By Telephone: 1-669-900-9128
Webinar ID: 982 4181 2713, #
Participant ID: #
Press *9 to Request to Speak, you will be prompted when to speak
Press *6 to Unmute

Comments & Feedback

Comments
 
This case is closed, online commenting is no longer available.
I’m an artist with studio & gallery space in 40 West as well as a long term resident of 30 years near 20th & Carr. Lakewood has as amazing asset in the 40 West Arts District and anything that can be done to improve the area improves Lakewood.
August 8, 2021, 10:07 PM
Carrie MaKenna
3 / 11 Commissioner, Chairs have viewed this comment
On behalf of the Two Creeks Neighborhood Organization, I am writing to 100% support the proposed incentive grant of $100,000 for a forever home for 40 West Arts and the West Colfax Business Improvement District. As you on council know and understand that everything that has happened over the last decade in turning around Northeast Lakewood and West Colfax traces its inception to these organizations. These World-Class organizations deserve to have a centerpiece and pedestal to rest upon. We do not consider this a grant but an investment in Northeast Lakewood that will continue to reap the rewards and benefits that these amazing organizations support and incubate. It is amazing how much of a jewel Lakewood has and the fact that they have an opportunity to turn a blighted property into a showcase is a perfect example and analogy for all they do. I cannot fathom any reason this proposal and investment should not be passed with a unanimous vote. With Gratitude. Charles Davis co-chair of the Two Creeks Neighborhood Organization
August 8, 2021, 3:37 PM
Charles K. Davis
3 / 11 Commissioner, Chairs have viewed this comment
I support City Council approving this grant and continuing to support the great work these organizations do in our community. The combination of the West Colfax Community Association, Lakewood West Colfax BID, and 40West Arts have had an enormous impact on engagement with local residents, helping support improvement in Lakewood, and supporting growth in the community. Helping these organizations to replace a vacant, dilapidated building with a "forever home" is a great use of LRA funds and would help these organizations to continue supporting the local community.
August 4, 2021, 10:32 PM
Brett Parmelee
3 / 11 Commissioner, Chairs have viewed this comment
08/03/21 Re: Letter of Support for LRA Funding for the property at 6501 W. Colfax Avenue Dear Lakewood City Council & Reinvestment Authority: I, Morgan Cameron, am writing to you as a supporter of 40 West Arts District in favor of the Lakewood Reinvestment Authority funding the renovation of the old Drumstick Building at 6501 W. Colfax Ave. This project will help support a historically underserved community by facilitating a “forever home” for Lakewood’s state-certified creative district. It is a wonderful opportunity for the group of affiliated nonprofits serving the Lakewood West Colfax community to achieve a dream of controlling real estate in the district as part of its long-term sustainability to serve this diverse, traditionally underserved community. The local business improvement district (the BID) led the acquisition of the building on behalf of 40 West Arts, has already closed on the building, and has committed to service the debt on the loan. 40 West Arts has committed to raising the funds needed for the building improvements. Together, they have raised nearly $500,000 for improvement to date. This building will serve the community in several vital ways, including affordable space for meetings, classes, pop-up events, retail space for creatives, and incubation space for new creative enterprises. All of this would allow businesses like these to remain in Lakewood and add to Lakewood’s economy by supporting small businesses and generating sales tax for the city. Please support this effort to improve the quality of life in the West Colfax corridor. The purchase and improvements of the property at 6501 W. Colfax will manifest a dream for the West Colfax creative community. It will activate a long-dormant building, improve the image and appearance of the area, create a new, inviting creative destination, and generate ongoing revenue for the district. I urge you to support and approve this funding that will accelerate the renovation of the building, support local creatives, help drive patronage to local businesses, and provide Lakewood residents with a unique creative experience. Thank you for your consideration. Morgan Cameron Ward 3
August 3, 2021, 1:13 PM
Morgan Cameron
3 / 11 Commissioner, Chairs have viewed this comment
August 3, 2021 Re: Letter of Support for LRA Funding for the property at 6501 W. Colfax Avenue Dear Lakewood City Council & Reinvestment Authority: I'm writing as a patron of the arts and supporter and Board Member of the 40 West Arts District in favor of the Lakewood Reinvestment Authority funding the renovation of the old Drumstick Building located at 6501 W. Colfax Ave. This project will help support a historically underserved community by facilitating a “forever home” for Lakewood’s state-certified creative district and will be an incredible value add for the community and the Colfax corridor. It is a wonderful opportunity for the group of affiliated nonprofits serving the Lakewood West Colfax community to achieve a dream of controlling real estate in the district as part of its long-term sustainability to serve this diverse, traditionally underserved community. The local business improvement district (the BID) led the acquisition of the building on behalf of 40 West Arts, has already closed on the building, and has committed to service the debt on the loan. 40 West Arts has committed to raising the funds needed for the building improvements. Together, they have raised nearly $500,000 for improvement to date. This building will serve the community in several vital ways, including affordable space for meetings, classes, pop-up events, retail space of creatives, and incubation space for new creative enterprises. All of this would allow businesses like these to remain in Lakewood and add to Lakewood’s economy by supporting small business and generating sales tax for the city. Please support this effort to improve the quality of life in the West Colfax corridor, and to help usher in the next generation of business on this strip of Colfax. The purchase and improvements will manifest a dream for the West Colfax creative community. It will activate a long-dormant building, improve the image and appearance of the area, create a new, inviting creative destination, and generate ongoing revenue for the district. I urge you to join the abundance of support and approve this funding that will accelerate the renovation of the building, support local creatives, help drive patronage to local businesses (like mine!) , and provide Lakewood residents with a unique creative experience. Thank you in advance. Cheers, Lauren Coleman The Sursy Pending Owner of The White Swan Motel (6060 West Colfax; set to close August 20, 2021)
August 3, 2021, 12:49 PM
Lauren Coleman
3 / 11 Commissioner, Chairs have viewed this comment
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Your Question has been submitted.