A land swap between the Denver city government and the Metropolitan Football Stadium District will let Sun Valley stay a little more cohesive after its massive redevelopment is through.
On Monday, the Denver City Council unanimously approved the trade, which will hand two parking lots near 13th Avenue and Decatur Street to the Denver Housing Authority in exchange for a city-owned vacant lot at 2534 W. Colfax Ave.
The swap gives the city more room near the rest of the redevelopment to build 127 homes, about half of which will be priced for lower income people, according to city documents. The development will also have space dedicated to businesses.
City Councilwoman Jamie Torres, who represents Sun Valley, told Denverite the trade will allow the project to be more “contiguous.”
“Being able to put housing there is going to be a big deal,” Torres said.
The parking lots are only used during Broncos games and other events at the football stadium, which is not very often. The Stadium District is a government entity created to build and maintain the Broncos arena with taxpayer funds.