"Every city struggles with the task of monitoring affordable homeownership units but problems are rare and, where they happen, they are usually limited to a handful of units."
Remember the 81-story skyscraper that didn’t get built? That land is under contract again, the owner says
The land in question may not stay a parking lot for long.
Denver plans to fund the purchase with federal housing funds, and the "final development will lead to a catalytic redevelopment" on East Colfax.
There are already a few major projects in the pipeline for the corridor and many feel the pace of redevelopment will only increase in coming years.