15-04-2025
Greeley to vote on $1.1B entertainment district with Colorado Eagles arena
DENVER (KDVR) — On Tuesday night, the city of Greeley is voting on whether or not to build a new entertainment district that would bring an arena for the Colorado Eagles, a waterpark, apartments and retail spaces to the area.
The city has been looking into the Cascadia Project, which is a project proposed by the Water Valley Company that would transform a 300-acre lot by Highway 34 and County Road 47 into an entertainment district.
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The renderings shown in a community meeting in January include an 8,600-seat ice hockey arena for the Colorado Eagles and a 10,000-seat concert venue. The arena would also be a youth hockey center. The surrounding plaza would include a new hotel, 6,000 residential units, restaurants, retail spaces, and even a 100K square foot waterpark with a lazy river and wave simulator.
City Manager Raymond Lee said in a community meeting that the project plan is to promote economic growth and business recruitment. He also said it would improve the transportation system, as there will also be a bus stop in the new area.
The project would cost $1.1 billion, but officials want to use operating revenues, bonds and general improvement district financing to issue a bond for the cost of the project, which would be paid back in revenue from the district.
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After months of community meetings and input, the city is ready to vote on the predevelopment agreement. The vote will take place during the Greeley City Council meeting at 6 p.m. on Tuesday.
If the project is approved, the council will vote on zoning later this year before design and construction work begin in the winter.
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