Castle Rock prepares for 1st urban renewal project
“An abandoned municipal dump site and abandoned clay mine are the first targets for urban renewal in Castle Rock.
The 66-acre site at the northwest corner of Plum Creek Parkway and Interstate 25 near the new Philip S. Miller Park has been vacant since the 1980s.
Town Council approved an urban renewal authority plan Sept. 2 for the Citadel Station/Castle Meadows project. The property will be turned into about 500,000 square feet of light to medium industrial use, 120,000 square feet of office space and 32,000 square feet of retail.
Developers Oasis Partners and Fenway Parnters anticipate that over the next six years the project will bring as many as 600 new jobs.
Mayor Paul Donahue said the town intends to be very judicious in the use of using the urban renewal authority in the future.”
Woullard. Clayton. Denver Post 30 September 2014.