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Plans taking shape for redevelopment of land around Elitch Gardens

Posted at 10:40 AM, Mar 06, 2018
and last updated 2018-03-06 20:37:27-05

DENVER -- When Rhys Duggan and his partners were discussing plans to purchase the 62-acre property bounded by the South Platte River, Speer Boulevard, Interstate 25 and railroad tracks in central Denver, they called it by the code name "doughnut hole."

Aside from Elitch Gardens Theme and Water Park, the site is mostly surface parking lots surrounded by hip, redeveloped neighborhoods like LoDo and Highland.

Now, with a city-led planning process aimed at creating a long-term vision for the area rounding into shape, Duggan and his partners are releasing their vision for how they plan to fill that hole that they purchased in 2015 with backing from billionaire Nuggets and Avalanche owner Stan Kroenke. 

Rest easy, roller-coaster lovers. Elitch's isn't going anywhere, Duggan said, though its 17 acres worth of parking lots are slated to eventually be replaced by a single parking structure and new buildings as part of Phase 1 of his project. Early conceptual plans call for a mix of office, residential and some retail space on those lots, located to the north and east of the park.

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