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Rezoning to TMU-30 The TMU-30 Zone was created by the City to target important transportation hubs: there are three sites in the City where this type of zoning could potentially apply
The following Table summarizes what uses the TMU-30 zone allows and how it changed from the original industrial zoning.
The TMU-30 zone allows development to take advantage of the unique characteristics of the Cherokee Parcel. The convergence of multiple Light Rail Transit Lines means that by increasing the density on the site, it will encourage the most use of the light rail infrastructure and generate the most transit trips. The location of the site, three miles south of the Downtown CBD and seven miles northwest of the suburban office center and high-end residential area known as the Denver Tech Center, and its access to I-25 and transit infrastructure makes is a prime candidate for transit-oriented development (TOD). During the rezoning Cherokee developed a comprehensive community involvement process that had been unprecedented in Denver. Over 45,000 postcards were mailed inviting neighbors to a series of more than 20 community meetings. The Cherokee Denver Redevelopment Advisory Committee (CDRAC) was formed, representing 12 registered neighborhood organizations. These community leaders met a dozen times between September 2002 and May 2003 to discuss desires and concerns related to the redevelopment. In addition to the meetings with the community, Cherokee engaged in regular meetings with public agencies to ensure that the plans met overall development goals for the City and County of Denver.
General Development Plan (GDP) A GDP and Design Guidelines are required by ordinance for T-MU-30 zone districts. The intent of the GDP is to establish a workable framework for the development of large or phased projects. The Cherokee Redevelopment GDP generally consists of three major components: General Development Plan Infrastructure Master Plan (IMP)
Urban Design Standards and Guidelines The Design Guidelines have been approvedthe City's Planning Board. The Design Guidelines document will guide developers and architects through the process of creating buildings, street and outdoor spaces to create a transit-oriented and pedestrian-focused urban district. This document promotes a clear and consistent process for the development of parcels within the Cherokee Redevelopment. Download the approved Design Guidelines (1.5 MB).
Public Financing Cherokee Denver, LLC, in partnership with the Denver Urban Renewal Authority (DURA) and the City of Denver seeks to create a premier, mixed-use transit-oriented development and a dynamic new neighborhood for Denver, to replace the blighted, contaminated and abandoned factory complex located just south of I-25 between Broadway and Santa Fe. Public/private investment in environmental remediation, demolition of massive factory structures and substantial improvements to public infrastructure is required to enable and encourage additional private investment in excess of $1 billion. A public financing package was put together after many months of negotiations between the three parties and was first presented to Denver City Council on December 12, 2005. The public financing package consists of $85 million in tax increment financing (TIF) through DURA and the creation of three Metropolitan Districts to bond $41 million paid solely from property taxes by owners within the Project. This public financing package of $126 million for public infrastructure will cover such things as:
After many meetings with community members/associations and Denver City Council, the public financing package was approved unanimously by the Council on February 6, 2006.
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