X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-City council has designated 43 CBD buildings as a historical district.

The idea is to make it more difficult to raze the structures, all deemed to have historic and architectural significance. The bill has widespread support from planners, politicians and most landowners, Kathleen Brooker, president of Historic Denver Inc., told GlobeSt.com. Only one property owner has protested the bill.

Mayor Wellington Webb has lent his support to the bill that keeps city taxes at 1999 levels. As taxes increase, landowners will receive a refund of the difference between the hike and the 1999 rate. The rebate is expected to start at $24,000 annually and steadily increase to $640,000 over a 20-year period.

Building with historic designations can’t be demolished without first being reviewed by the city’s Landmarks Commission. And, the bill allows other buildings to receive the historic designation. Buildings with the historic designation include the Brown Palace Hotel, D&F Tower, the Equitable, Masonic, Kittredge, Tramway buildings and the Trinity United Methodist Church.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.