Council approves first reading of business investment agreement for 53,000‑sq‑ft rehab facility at Metro Airport Ave

The City and County of Broomfield on Dec. 14 approved on first reading an ordinance implementing a business investment agreement with GLC Health Ventures LLC (also referenced as JLC Health Ventures in presentation materials) to support construction and operation of a 53,000‑square‑foot facility to be operated by Ernest Health.

Jeff Schreyer, economic development manager, said the combined investment for building and equipment would total about $30 million and that the proposed agreement provides a maximum reimbursable amount of $300,000 split between the developer and the operator over a seven‑year term. Schreyer said the arrangement is structured as reimbursements tied to actual payments (business use tax and business personal property tax receipts), so no payment by the city is made until qualifying payments are remitted. The city manager and staff said assignability clauses require city consent before the agreement can be transferred to a new owner.

Council asked whether there are construction start deadlines, how assignment would be handled if the primary tenant withdrew, and where the site is located; staff said the site is at 9150 Metro Airport Avenue, that the agreement term is seven years, and that normal land‑use approvals (including land use review commission) remain part of the process. Councilmember disclosures noted that UCHealth operates Broomfield Hospital across the street but stated no conflict given UCHealth’s nonprofit status vs. Ernest Health as a for‑profit operator.

The clerk read ordinance 2282; council approved it on first reading and ordered publication in full. The ordinance passed unanimously, 10–0.