Aurora plans to purchase blighted Fanfare for $4 million
“On Monday, the urban renewal authority announced it would go the $4 million route and have Buchwald clean the 10-acre site that’s sat vacant for more than two decades.
“There’s tremendous potential with this site,” said Aurora Mayor Steve Hogan in a statement Monday. Hogan has been a staunch supporter of the city purchasing the Fanfare — some spell it Fan Fair or Fan Fare — site as he believes its demolition will revitalize the area around East Third Avenue and Havana Street.
Meanwhile, Councilwoman Molly Markert, who opposed the deal, argued that if the land were really worth that amount and had that potential, a developer would have seen its potential and invested in it a long time ago.”
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Lee, Kurt. Denver Post 24 December 2012.