Quote:
Originally Posted by DenverPoke
Agree about Toronto, but I view it more a peer of Chicago than Denver. Calgary has left Denver in the dust, pretty amazing what they have going on up there density-wise. Seattle and Calgary are the 2 somewhat realistic model cities I hope Denver aspires to become.
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I wasn't even aware of the activity in Calgary though I'm not surprised.
Thinking back about 8 years or so, Denver's (both city and metro area) economy has been more tepid in comparison to so many other cities. Denver didn't experience the same construction push before the recession and didn't snap back as vigorously as many cities as well.
But Denver did benefit from specific downtown catalysts.
The 1st was the expansion of the convention center and convention hotel. The convention growth for Denver has been very successful. It's why I seriously think they should consider the need for future expansion and preserve the ability for doing so.
The 2nd was obviously Fastracks. Thank goodness for the ARRA which enabled Union Station to proceed without delay.
Thank you "fracking." While not as robust as the Bakken or Eagle-Ford and now Permian basins the activity in the Denver-Julesburg basin is nothing to sneeze at. At this point, I would guess this is now more about rooftops in Weld County than office space in downtown. But it has been a noticeable contributor.
Lastly has been the great love affair by Millennials for urban living.
So while not as vigorous as many cities, Denver has been solid and picking up momentum. Nothing to complain about.