Lack of adequate parking and an obstruction of the “grand view” were the reasons Arvada City Council rejected the development plan for the Olde Town Residences, planned for the 8.25-acre site …
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Lack of adequate parking and an obstruction of the “grand view” were the reasons Arvada City Council rejected the development plan for the Olde Town Residences, planned for the 8.25-acre site bounded by Vance Street and Wadsworth Boulevard on the west and east, and between West 56th and Grandview avenues.
After a four hour discussion with over 30 members of the public voicing their opinions Monday, Jan. 22, council members John Marriott, Nancy Ford, Bob Fifer and David Jones voted to deny the preliminary development plan for the proposed six-story building with 256 apartments and 40,000 square feet of retail shops that would rise from the ground next to the Gold Line station.
Mayor Marc Williams, Mark McGoff and Dot Miller voted in favor of it.
The development has been controversial, even before the development plan details were revealed.
The city sold the 8.25-acre site, valued at $4.4 million, to developer Trammell Crow Co. for $30 and provide it with $13 million in tax incentives.
Arvada officials contend the project is a well-planned and long-term investment that will not only bring new life to the area, but also pour revenue far exceeding the land’s value into city coffers over the years.
However, Arvada for all the People, which describes itself as a government watchdog organization, calls the transaction “a bribe” and worries about the development obstructing views and creating congestion.
The land transition itself was not up for discussion at the Jan. 22 meeting.
The proposed development would be built in phases from 2018 to 2020 on the three parcels.
Despite the denial of the preliminary plan, this project is still an Urban Renewal area and expires in 2034 — 25 years from the 2009 approval of the Olde Town Station Urban Renewal Plan.
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