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West Colfax Avenue Corridor Reinvestment Area

Established in 2005, the West Colfax Avenue Corridor Reinvestment Area encompasses an area of 813 acres, primarily commercial, along West Colfax Avenue from Sheridan Boulevard to Simms Street. The stretch includes some areas near future light rail stations. This designation resulted from Lakewood residents' demands that the City take action to improve West Colfax Avenue.

The Station Betterment project, found within this reinvestment area, was designated in 2008, and allows for funding improvements to light rail stations at Wadsworth Boulevard and Oak Street.

The West Colfax Avenue Corridor reinvestment area stems from the West Colfax Citizen’s Advisory Committee, which spent more than 18 months examining issues along Colfax, ultimately recommending adoption of the West Colfax Avenue Corridor redevelopment plan. The plan contains specific citizen ideas that provide added protections for private property owners while recognizing that eminent domain might be appropriate or necessary under some circumstances. The plan also includes a list of objectives for the area by which all future projects will be considered. This area designation allows for projects to be developed using urban renewal tools, such as special financing mechanisms.

Several private redevelopment projects have been built in the West Colfax Avenue Corridor reinvestment area which did not require urban renewal assistance. Colfax Central, on the northwest corner of Colfax and Wadsworth, was built in an art deco style in 2005 with six restaurants and stores that include Qdoba, Starbucks and a dental office. Also in 2005, Home depot launched construction of a new store on a 9.2-acre site along Colfax.

 

Reinvestment Area Summary

Acres                          813
Year Adopted 2005    
Year Complete 2030
Current Project Station Betterment Project 

Contact Information:

Lakewood Reinvestment Authority
480 S. Allison Parkway
Lakewood, CO 80226
Direct: 303-987-7050

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