This latest makeover will include turning its nine-hole golf course into an 18-hole, Jack Nicklaus-designed course. Plans also call for a new 60,000-sf events center. That would include rooftop tennis courts, a restaurant and a three-level, 950-space underground parking garage. That would give the Broadmoor a total of about 175,000 sf in meeting and ballroom space.
Another addition would be a seven-store retail complex. The hotel would eliminate on-street parking, add street medians, improve intersections and raze several older buildings.
The Broadmoor's redevelopment would be privately financed. However, the hotel does want the city to approve a 2.25% public improvement fee to help fund proposed upgrades, except for the new housing. The fee would be levied only on purchases made at the hotel, including the stores, restaurants and guest rooms.
The 100 condominiums would be on the east and west sides of the golf courses. They would range in size from 1,800 to 5,000 sf and be priced from about $800,000 to $2 million.
The 60 townhouses, designed to look as if they were Brownstones, circa 1918 would be priced from about $950,000 to $1.2 million and would total about 4,000 sf.
Spencer and Julie Penrose built the 700-room Broadmoor in 1918.
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