Decision Factors
Why This Option?
After a thorough evaluation of options, relocating Police and City services to a new building on the old Coors property provides the best opportunity to accomplish the goals of the Heart of Golden initiative.
Decision Matrix
Comparing Four Options
The City of Golden considered four different options:
- Remodel existing buildings and lease additional space (Cost: $30,000,000)
- Complete renovation of the Coors building (Cost: $45,000,000)
- Renovate City building and build a Police building (Cost: $50,000,000)
- Build a Police and City building (Cost: $65,000,000)
When evaluated, only the final option of "Build a Police and City building" met all of the decision factors considered. Those factors are:
- Strategic investment: accomplish without raising taxes
- Improves customer service, efficiency, and sustainability
- Better security
- Transforms corridor
- Strategic investment: build/renovate now vs later
- Strategic investment: build vs renovate
- Addresses current and long-term needs
- Meets sustainability goals
- Revitalize Coors property
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