Denver's Justice Center Planning Committee has come up with criteria for replacement for its 45-year-old county jail located off Smith Road near the former Stapleton International Airport. Present plans call for a 12-story facility to house 3,100 inmates on a 17-acre tract within close distance to downtown Denver courts and police station.

Three years ago, the city had estimated a new facility would cost $235 million. Given that hard construction costs have risen on average about 1% a month in recent years, the price tag today could easily surpass $300 million.

The city could use eminent domain to condemn a site if the property owner objected to a jail. The committee will be looking for sites. The sites will be narrowed down to a select few and the selection narrowed in late spring 2001.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.