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Mayor looks to create 105,000 jobs

Mayor Michael B. Hancock

Mayor Michael B. Hancock

Article Highlights:

  • Smart growth plan would create 105,000 job
  • Generate $5.4 billion in economic benefits
  • Plan focuses  on three areas of Denver. 

Denver  Mayor Michael B. Hancock today released the blueprint of a plan intended to create more than 100,000 jobs and generate $5.4 billion in economic benefits.

The Smart Jobs: Development plan would lead to the construction of 34 million square feet of commercial real estate space and 23,00 new residential units.

“Great cities require great city planning that complements the work of our neighbors and strengthens the entire region,” Hancock said. “What we build today will create a better tomorrow for all of us. The best way to do that is through intentional development.”

The mayor’s blueprint for Smart Jobs: Development was unveiled at the Denver Business Journal’s annual “State of the Cities” breakfast, which also included presentations from Denver Manager of Aviation Kim Day and Aurora Mayor Steve Hogan.

The blueprint for current and future developers and businesses targets projects that offer unmatched opportunities for economic growth and the greatest potential for significant returns on both public and private investment. While the mayor recognizes that Denver supports dozens of major developments throughout the city, his vision focuses on three areas:

  • South Platte River Corridor – One of Denver’s greatest natural resources is the South Platte River, which stretches for 12 miles through the city.
  • Downtown Denver – Our strong downtown serves the entire metro Denver region, anchoring the community and providing endless employment and entertainment options.
  • Aerotropolis and the Corridor of Opportunity – The area to the north and east of the city leading into downtown represents the greatest concentration of undeveloped land in Denver.

Hancock said this blueprint is a key component for his focus on jobs and will help drive strategic and thoughtful development, furthering Denver’s efforts to be globally competitive while providing employment, housing and amenities for the city’s residents. Adapting to the economic realities of a global economy will be essential to Denver’s continued prosperity, he said. Smart development will generate jobs and growth in multiple sectors across the city, according to Hancock.

To learn more about the plan, please visit Smart Job: Development.

Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.