City-Xcel real-estate swap scuttled over possible historic building

Posted by puguh on Sunday, January 30, 2011

City-Xcel real-estate swap scuttled over possible historic building. A real-estate deal between the city of Denver and Xcel Energy was scuttled after a building being discussed in a property transfer was identified as a possible historic structure.

Xcel Energy walked away from the deal, and the Denver City Council on Monday voted to rescind the real-estate exchange.

Under the proposed transaction, the city would have paid Xcel Energy $500,000 to remove the chiller plant at Cherokee Street and West 14th Avenue to make way for a crime lab. Also, the city would have given Xcel the old Cherokee Steam Plant at 1348 Cherokee St.

Earlier this month, Councilwoman Jeanne Robb said the building should be considered a historic property and wanted additional input from the community.

"We're still working with Xcel to restructure a deal so we can move forward with the crime lab at 14th . . . ," said Heather Barry, the city's director of legislative services.


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