Urban Renewal Authority extends agreement with DPC Companies for Mile High Park development

The City Council and Urban Renewal Authority (URA) of Commerce City convened on July 7, 2025, to address several key agenda items, including public comments, roll call, and resolutions regarding urban development.

The meeting began with a brief public comment session, where members of the public were invited to submit written comments online or by mail. However, no written comments were received by the deadline for incorporation into the meeting. The Mayor concluded this segment, indicating that any necessary follow-up would be conducted by city staff.

Following the public comments, the council transitioned into the URA meeting. The chair, Mayor Douglas, called the meeting to order and conducted a roll call, confirming a quorum with all but one commissioner present. The council then moved to excuse the absence of the missing member, which was approved unanimously.

The minutes from the previous meeting were reviewed and approved with a vote of 11 to 1. The council then proceeded to discuss resolutions, starting with Resolution URA 2025-003, which involved a third amendment to the Purchase and Sale Agreement (PSA) with DPC Development Companies.

Terrence Ware, the director of urban renewal, introduced the resolution, explaining that it aimed to reinstate a previously expired agreement concerning the development of the Mile High Greyhound Park site. The amendment would extend the term of the PSA until December 12, 2025, allowing for continued discussions between DPC and URA staff. Ware noted that the development faced challenges due to rising construction costs and declining retail revenues, necessitating this extension to facilitate further negotiations.

The meeting concluded with a focus on the ongoing efforts to address the economic challenges impacting urban development in Commerce City. The council's actions reflect a commitment to fostering dialogue and collaboration with developers to navigate these complexities.