DENVER (CBS4) – The redevelopment of the National Western Complex is one step closer to reality. On Thursday the City of Denver received a $15 million downpayment for the project.

national western complex2 National Western Complex Redevelopment Project Hits Major Milestone

(credit: CBS)

Beer businessman Pete Coors presented the check to Mayor Michael Hancock in the morning.

Coors is the chairman for the National Western Capital Campaign, which is raising money for the renovation.

national western complex National Western Complex Redevelopment Project Hits Major Milestone

National Western Complex (credit: CBS)

The plan is to completely redo the complex so it becomes a year-round destination for arts and entertainment.

“This is going to be a gem of an asset giving back to the people of Denver for the next 100 years and I think it’s a special moment to receive the first downpayment,” Hancock said.

The renovations are expected to take at least seven years.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s