The New York Times
recently reported on redevelopment on Welton Street in Five Points.
Carl Bourgeois, a property developer who owns the area’s star attraction, the now-empty Rossonian Hotel, where jazz greats would stay, has tried for three decades to revive the neighborhood. He and others point to the trove of historic buildings and landmarks, along with a light rail line, that should be spurring change.
But while nearby areas in Denver have experienced revivals, many buildings along Welton Street sit crumbling and untouched next to dusty plots of vacant land or surface parking lots.
Now, developers are starting projects, encouraged by the formation of a Five Points Business District in 2009 and a push for city approval of a "vision plan" for Welton Street, which was granted in 2011. The area also received a $300,000 federal grant under the Sustainable Main Street program, and individual property owners may be eligible for a variety of state and local tax incentives or grants.
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