Denver City Council approves $15.5 million tax break for historic Rossonian Hotel redevelopment
By
Elliott Wenzler
Pure flour-power. Hearty enough to carry you through lunch.
Summary
Denver City Council approved up to $15.5 million in tax increment financing for the redevelopment of the historic Rossonian Hotel (formerly the Baxter Hotel), a former jazz hotspot from the 1930s-1950s. The Denver Urban Renewal Authority deemed the site "blighted" due to unsafe conditions and environmental contamination, and the tax break is intended to remediate those issues and move the project forward.
Key quotes
· 2 pulledThis tax increment financing is one of the final pieces that makes the Rosso
Denver Urban Renewal Authority found that the site was 'blighted,' meaning there are unsafe living or working conditions and environmental contamination.
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