Adams County Economic Development and Denver Office of Economic Development
This year, the first-ever shared ‘Large Community of the Year’ award was presented to both Adams County Economic Development (ACED) and the Denver Office of Economic Development (Denver OED). The organizations were recognized for their unprecedented partnership in the 1A for DIA campaign and assisting in redeveloping the former ASARCO Globe Smelter property, which is located in both jurisdictions.
The 1A for DIA campaign was the product of the unanimous DIA/ACC agreement between Adams County, members of the Airport Coordinating Committee and the City and County of Denver. It successfully secured voter approval for a major amendment to the 1988 Intergovernmental Agreement for Denver International
Airport that will open development opportunities on and around the airport, bringing new jobs and investments to the region.
“This award further validates the culture of collaboration that was necessary to earn overwhelming voter support in both jurisdictions on the effort to pass ballot question 1A. That partnership is an example of how instrumental these relationships are in achieving other impactful projects like ASARCO,” said ACED Executive Board member and Adams County Commissioner Steve O’Dorisio.
To redevelop the ASARCO site, the two governments came together to successfully modify state law regarding urban renewal, adopt a joint urban renewal plan for the site in 2011, and developing a creative package of financing tools including; a HUD Section 108 loan of up to $10,000,000 from Adams County, and a CDBG grant of $750,000 from the City and County of Denver. The result is a 78-acre urban infill site that will add 1 million square feet of Class A industrial space to the local market and approximately 1,000 jobs.
“Strong regional partnerships are a key ingredient to the successful economic development of our greater community,” said Denver Mayor Michael B. Hancock. “We’re honored to receive this award, and excited for the job creation, capital expansion, and smart development that are in progress within the Globeville neighborhood and surrounding Denver International Airport.”