DNA Agrees to Sell Rocky Mountain News Building

DENVER-The Denver Newspaper Agency has reached a tentative agreement to sell the Rocky Mountain News building at 400 W. Colfax Ave. to Denver for $16 million. In addition, the City of Denver will give the DNA free rent on the building until at least March 2004. The agency, which handles all the business aspects of the News and the Post, is looking for a building to house both papers and the DNA.

The City is purchasing the News’ building as a potential site for a new justice center that would include a jail. “This is an important next step in the development of our company,” said Kirk MacDonald, president and CEO of the DNA. “Not only does it make sound financial sense to consolidate our facilities, but being in one location will help us improve operating efficiency, improve communications between our employees and give our customers a centralized location to do business with us.”

MacDonald would not say when the agency would settle on a location for a new facility. “When that decision is reached, our employees will be the first to know,” he says.