Development News for Firestone, Colorado
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Development News from the latest meeting
Board of Trustees Meeting
Wednesday, Sep 10, 2025
Town Board Reviews Regional Housing Needs Assessment to Fulfill State Mandate
The Town Board of Trustees reviewed the Denver Regional Council of Governments (DRCOG) Regional Housing Needs Assessment (RHNA). This review is in compliance with Colorado Senate Bill 24-174, which requires local governments to conduct a housing needs assessment. By participating in the regional assessment, the town can claim an exemption from conducting its own individual assessment, provided it complies with Department of Local Affairs (DOLA) methodologies. The town has a 60-day review period to provide comments to DRCOG, which ends September 12th. The assessment identifies a significant regional housing need, projecting demand across all income categories and highlighting the impact of housing availability on different income levels. It also provides data on Firestone's specific housing needs and current supply, noting that the town has already exceeded its projected ten-year need for new dwelling units. The board discussed concerns about the state legislature potentially using local participation in regional assessments to mandate land use decisions, and considered including specific comments in their response to DOLA to mitigate this risk. The review process itself does not constitute adoption of the assessment but fulfills the requirement for public review.
Town Approves Predevelopment Agreement for Central Park Project with USL and Card Associates
The Town Board of Trustees approved Resolution 25-96, authorizing and executing a predevelopment agreement between the Town of Firestone, Card Associates Athletic Facilities LLC, and United Soccer League (USL) LLC for the Central Park project. This agreement initiates a phased process for developing a mixed-use development including a soccer stadium, multipurpose fields, an indoor sports center, a charter school, a tennis center, and mixed-use commercial/residential areas, alongside significant open space. The agreement outlines a 180-day period for initial due diligence and a one-year programming phase to develop a general PUD district plan. It emphasizes a transparent, public process for all land use and development approvals, with the town retaining ownership of the park. The agreement also includes a 12-month exclusivity period for the partners and a scoping fee reimbursement of up to $250,000. The project aims to provide significant recreational amenities and a diversified revenue stream for the town without direct tax increases for residents, though user fees will apply.
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