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Developer pitches historic Galena Hotel conversion to micro-units; committee signs off on $1.3M support

Aurora Finance Committee · September 13, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Fernando Barrera presented a plan to convert the historic Galena Hotel at 116 W. Kalina Blvd into 21 micro-units using federal and state historic tax credits; the finance committee approved a $1.3 million request to support the renovation and emphasized preservation and nearby parking solutions.

Fernando Barrera, founder of the Barrera Organization, asked the committee for city assistance to renovate the historic Galena Hotel at 116 West Kalina Boulevard into roughly 21 micro-units and said he plans to use federal and state historic tax credits to make the numbers work.

Barrera described the property's challenging physical condition and the high per-square-foot…

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