Once completed, the flood mitigation project will provide downstream flood protections to 2,300 people and 1,100 homes.
Benefits of Annexation
Highest priority: protection of life and property from flooding.
Creates additional workforce and student housing that helps address the city’s severe housing shortage.
University’s commitment to the transfer of 155 acres to the city for flood protection and open space.
Legally binds CU and constrains the types and location of development allowable on the site.
The city will also have compliance review and comment periods for each phase of future development at the site.
CU Boulder will fund all improvements to the 129-acre developable area, including connections to utilities, an advanced transportation infrastructure and improved connections to the city’s trail network.
Reduction of millions of tons of transportation-related CO2 emissions annually (reduced in-commuters leads to reduced vehicle miles traveled and single-occupancy vehicle traffic).
Continues CU Boulder’s legacy of building sustainable, resilient and aesthetically pleasing developments.