TRAVEL ALERT: Jackson Gap and 75th Ave. Detours
The existing off-ramp from inbound Peña Blvd. to Jackson Gap is closed for construction. While a temporary off-ramp is available, construction activity in the area may cause travel impacts. Drivers on Jackson Gap will not be able to travel westbound on E 75th Ave. to the Pikes Peak shuttle lot. Detours are in place.
Peña Construction Prompts Detours for Jackson Gap and 75th Follow DEN on Twitter Follow DEN on InstagramPopular Searches
News and Press
DENVER – March 20, 2020 – As part of the termination of its contract for the renovation of the Great Hall, DEN has finalized all remaining payments to its former developer, Great Hall Partners, in the total amount of $55.5 million.
Following termination, DEN was obligated to reimburse Great Hall Partners for its equity investment, work done to date and work performed during the transition of the project to DEN. Paying these types of transition and contract breakage costs are typical when a construction contract is terminated for convenience and the Development Agreement between DEN and Great Hall Partners required these payments. DEN did not pay any termination penalties.
This $55.5 million also settles the $290 million in claims filed by Great Hall Partners. This amount is in addition to the $128.1 million previously paid by DEN to Great Hall Partners announced in December 2019.
DEN has reimbursed Great Hall Partners a total of $183.6 million, which is within the range of $170 million to $210 million DEN announced following termination. All obligations and disputes (financial and otherwise) with the former developer are now resolved.
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