Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Dos Rios developer asks Grand Junction for another extension as market delays vertical buildout
Summary
Developer May Riegler (Dos Rios) asked the City Council for an extension on remaining land purchases, citing high construction costs and high interest rates; staff and council discussed GID bond servicing and scheduled a Nov. 19 resolution to amend the purchase-and-sale agreement.
May Riegler representatives and developer Nate Reblair told the Grand Junction City Council on Nov. 3 they want another extension on the remaining Dos Rios land purchase deadline, arguing market conditionshigher construction costs and elevated lending yieldshave delayed vertical development.
Kevin Riegler and Nate Reblair described the long-term vision for Dos Rios (mixed residential, hotel, retail along the river) and emphasized that the city has already invested in public infrastructure and bonds to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
