The Streetscape Plan serves as our road map for enhancing the Colfax character, activating the street to make it more of a destination, increasing property values and commerce, and supporting crime prevention through intelligent environmental design efforts. So, how are we going to fund this $10.5M project? The BID will utilize multiple sources of funding to complete the project, which will require support from the city and our stakeholders. Here’s the breakdown.

The City of Denver’s 2017 General Obligation (GO) Bond includes $20M to the four Colfax BIDs with the Colfax Ave BID receiving at least $5M from that for the Streetscape Plan. We’ve already begun applying for funds from the annual City of Denver Capital Improvement Program (CIP), anticipating a total of $3M to close the gap. The BID will provide the remainder of the funding for Streetscape implementation and maintenance.