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Greeley council weighs $80–120M Civic Campus plan, asks staff for deeper financing models
Summary
City staff presented two Civic Campus cost options (a full $120M plan and a value‑engineered alternative) and financing choices including COPs, GO bonds, and leasing; council asked for revenue modeling, phasing options, and clarity about a county parking garage before moving forward.
GREELEY — City staff on Tuesday outlined two financing options for a proposed downtown Civic Campus and asked the Greeley City Council for direction on what financing scenarios to explore further.
Kelly, the city’s finance lead, told the council the city is aiming to fund a new Civic Campus without a new revenue source such as a property tax and presented two estimates prepared by Richmark: a full-scope package estimated at $120,000,000 that includes Lincoln Park and a $10,000,000 contribution for a county parking garage, and a value‑engineered alternative that trims finishes and parking to reduce costs. "This initiative basically was asking how could we fund a new civic campus without a new revenue source, such as a property tax," Kelly said.
The presentation included acquisition and demolition needs (Methodist Church, Wheeler properties, the Public Works building and a juror parking lot), a proposed new city hall program of roughly 96,000 square feet, and a parking garage sized in one model at 352 spaces. Staff compared debt options:…
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