CU Denver Seeks $35 Million for Independence Plaza Overhaul as $70 Million Plan Shifts
Updated
Updated · BusinessDen · Jun 10
CU Denver Seeks $35 Million for Independence Plaza Overhaul as $70 Million Plan Shifts
2 articles · Updated · BusinessDen · Jun 10
Summary
$35 million is the amount CU Denver plans to seek from the Denver Downtown Development Authority in a revised application due later this week for Independence Plaza.
The university wants to remake the 25-story, 567,000-square-foot tower into a workforce and innovation hub, using only part of it for classrooms and reserving space for startups, employers and public-serving functions.
The original filing put total project costs at $70 million and said DDDA funds would support renovations, the entrepreneurship hub and low-interest loans for companies building out office space, though CU says those figures will change.
Independence Plaza sits on a full downtown block and is only 21% occupied, giving CU Denver a large expansion site near its existing business school and administrative buildings.