"The bricks were literally falling off of the building and onto the sidewalks."
The Tourism Improvement District is the first of its kind in the state. It will be funded with a 1 percent tax on hotel rooms.
By late 2019, developers hope to have 65 new affordable units within a five minute walk of the 38th and Blake light rail station.
If a majority of affected hotel owners agree, a new Tourism Improvement District will raise money for increasing costs at the Colorado Convention Center.
Denver City Council signed off on a plan to increase taxes on hotel rooms by 1 percent in order to pay for an expansion of the Colorado Convention Center.
Within a matter of months, 14 people could be living in small, off-grid houses on a currently vacant property near 38th and Walnut streets.