The Broomfield City Council convened on September 24, 2025, to discuss ongoing developments in the Broomfield Town Square project, focusing on construction progress, financing challenges, and community engagement.

The meeting began with an update on the Broomfield Town Square, where earthwork is currently underway near the existing pond. This work is part of investigative studies related to lake design, including groundwater table testing. The project team emphasized that engineering and architectural work continues to advance, funded through private resources as they prepare for the next phases of development.

Key developments in the first phase of the project include the construction of a Safeway building, a multifamily community with 318 units, and an additional 161-unit building. The project has received site plan approval, and the team has applied for HUD financing, which has been positively received. Despite challenges in securing equity financing, the team noted that debt financing appears to be accessible in the current market.

Council members raised concerns about rising construction costs and the impact of inflation on the project budget. The project team acknowledged these challenges but indicated that they are actively managing costs and monitoring market conditions. They are targeting a bond sale in the third quarter of next year, although they noted that bond yields have increased, which could affect the overall budget.

Public comments were invited, but the focus remained on the Broomfield Town Square update. Council members inquired about the timeline for groundbreaking, with estimates suggesting a start around August or September of next year. Questions also arose regarding the status of financing and the potential for delays, to which the project team assured that they are committed to moving forward efficiently.

The meeting concluded with discussions about tenant prospects for the Market Hall, including a prospective anchor tenant for office space and a beer garden, which has been a community request. The project team expressed optimism about the mix of uses in the development, aiming to create a vibrant live-work-play environment.

Overall, the meeting highlighted the ongoing progress of the Broomfield Town Square project, the financial hurdles being navigated, and the commitment to community engagement as development continues.