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Heart of Golden: Moving Forward

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Project Update | Dec. 17, 2024

City Council held a second reading and deliberation of Ordinance No. 2257 on Tuesday, Dec. 17, 2024, during its regular meeting.

On December 17, 2024, City Council voted to move forward with the next steps of the Heart of Golden project, to utilize Certificates of Participation to build the Police and Municipal Building. The City will proceed with market pricing and securing financing, ensuring we meet our commitments and maintain fiscal responsibility. Design is ongoing with schematic design expected to be complete in Q1 2025.

Project Update | Dec. 3, 2024

City Council to Hold First Reading Authorizing Issuance and sale of Certificates of Participation (COPs) to finance the construction of a Police and Municipal Building – Heart of Golden Phase 1


City Council held a first reading of Ordinance No. 2257 on Tuesday, Dec. 3, 2024, during its regular meeting.

The ordinance proposes issuing Certificates of Participation (COPs) to finance the construction of a new Police and Municipal Building as part of the Heart of Golden Phase 1 plan.

This project aims to relocate essential city services to a revitalized east zone of the Clear Creek corridor, enhancing public services while advancing the community-focused vision of the Heart of Golden plan.

The proposed financing plan was discussed at the April 9, 2024 Study Session, when City Council directed staff to continue to engage with the community about the project and to provide a recommendation on funding once the project team was assembled and its design had progressed further. The plan outlined design beginning in late summer or early fall, and construction starting in 2025. COP issuance wouldn’t be considered until the fourth quarter.

Our timeline and design has progressed as anticipated and staff is bringing forward this recommendation of issuance in Dec. 2024 based on the key areas we identified: economic conditions, schedule, debt timing, design progress, and overall community support.

The proposed financing approach emphasizes affordability, sustainability, and fiscal responsibility, with measures such as leveraging city reserves, reducing interest costs, and maintaining funding within the City’s existing revenue streams—ensuring no new tax increases.

A second reading and public hearing of the ordinance will be held at the City Council Regular Business meeting on Dec. 17, 2024.

Project Overview

The Heart of Golden project aims to make the Clear Creek Corridor more useable and desirable for residents while providing needed space for Police and City services. Phase 1 of the the Heart of Golden intends to move the Police and Municipal Building from the Creek Corridor to east of Washington Avenue. Phase 2 includes refining the Creek Corridor with more resident-specific amenities.

In 2019, Molson Coors put 7.27 acres of land and an office building up for sale. This created a rare opportunity for the City to free up the Clear Creek Corridor for resident use by relocating Police and City services. An expert study found that fixing up the old office building to meet Police and City needs would cost almost as much as building a new place that would work better for the City. Plus, purchasing the property presented an opportunity for the City to control the future of this property rather than it being controlled by a developer. City Council decided to buy the land and tear down the building, ensuring we can design a building that fits what the residents want and the Police and City require.

This project is a big and rare chance to make Golden even better. It’s a once-in-a-lifetime opportunity to enhance our community, improve Police and City services, and ensure that the Heart of Golden reflects the values and wishes of our residents.

Explore this page to learn about the history of the project, cost analysis, view past public meetings, review public feedback, and more.

Please send questions to cityofgolden@cityofgolden.net.

Upcoming Meetings

Community Meeting #4

(Heart of Golden Clear Creek Corridor)

  • When: Tuesday, Jan. 21, 2025 | 5:30 - 6:30 p.m.
  • Where: Golden Community Center, 1470 10th St.

Community Meeting #5:

  • When: Wednesday, Feb. 12, 2025 | 5:30 - 6:30 p.m.
  • Where: Golden Community Center, 1470 10th St.

Past Meetings

Community Meeting #1: Sept. 2024 -- Walking Tour & Online Feedback

Community Meeting #2: Oct. 2024 -- In-Person & Online Feedback

  • Oct. 2024 Meeting In-Person Feedback (coming soon)
  • Oct. 2024 Online Feedback (coming soon)

Community Meeting #3: Nov. 20, 2024 -- In-Person & Online Feedback


Project Update | Dec. 17, 2024

City Council held a second reading and deliberation of Ordinance No. 2257 on Tuesday, Dec. 17, 2024, during its regular meeting.

On December 17, 2024, City Council voted to move forward with the next steps of the Heart of Golden project, to utilize Certificates of Participation to build the Police and Municipal Building. The City will proceed with market pricing and securing financing, ensuring we meet our commitments and maintain fiscal responsibility. Design is ongoing with schematic design expected to be complete in Q1 2025.

Project Update | Dec. 3, 2024

City Council to Hold First Reading Authorizing Issuance and sale of Certificates of Participation (COPs) to finance the construction of a Police and Municipal Building – Heart of Golden Phase 1


City Council held a first reading of Ordinance No. 2257 on Tuesday, Dec. 3, 2024, during its regular meeting.

The ordinance proposes issuing Certificates of Participation (COPs) to finance the construction of a new Police and Municipal Building as part of the Heart of Golden Phase 1 plan.

This project aims to relocate essential city services to a revitalized east zone of the Clear Creek corridor, enhancing public services while advancing the community-focused vision of the Heart of Golden plan.

The proposed financing plan was discussed at the April 9, 2024 Study Session, when City Council directed staff to continue to engage with the community about the project and to provide a recommendation on funding once the project team was assembled and its design had progressed further. The plan outlined design beginning in late summer or early fall, and construction starting in 2025. COP issuance wouldn’t be considered until the fourth quarter.

Our timeline and design has progressed as anticipated and staff is bringing forward this recommendation of issuance in Dec. 2024 based on the key areas we identified: economic conditions, schedule, debt timing, design progress, and overall community support.

The proposed financing approach emphasizes affordability, sustainability, and fiscal responsibility, with measures such as leveraging city reserves, reducing interest costs, and maintaining funding within the City’s existing revenue streams—ensuring no new tax increases.

A second reading and public hearing of the ordinance will be held at the City Council Regular Business meeting on Dec. 17, 2024.

Project Overview

The Heart of Golden project aims to make the Clear Creek Corridor more useable and desirable for residents while providing needed space for Police and City services. Phase 1 of the the Heart of Golden intends to move the Police and Municipal Building from the Creek Corridor to east of Washington Avenue. Phase 2 includes refining the Creek Corridor with more resident-specific amenities.

In 2019, Molson Coors put 7.27 acres of land and an office building up for sale. This created a rare opportunity for the City to free up the Clear Creek Corridor for resident use by relocating Police and City services. An expert study found that fixing up the old office building to meet Police and City needs would cost almost as much as building a new place that would work better for the City. Plus, purchasing the property presented an opportunity for the City to control the future of this property rather than it being controlled by a developer. City Council decided to buy the land and tear down the building, ensuring we can design a building that fits what the residents want and the Police and City require.

This project is a big and rare chance to make Golden even better. It’s a once-in-a-lifetime opportunity to enhance our community, improve Police and City services, and ensure that the Heart of Golden reflects the values and wishes of our residents.

Explore this page to learn about the history of the project, cost analysis, view past public meetings, review public feedback, and more.

Please send questions to cityofgolden@cityofgolden.net.

Upcoming Meetings

Community Meeting #4

(Heart of Golden Clear Creek Corridor)

  • When: Tuesday, Jan. 21, 2025 | 5:30 - 6:30 p.m.
  • Where: Golden Community Center, 1470 10th St.

Community Meeting #5:

  • When: Wednesday, Feb. 12, 2025 | 5:30 - 6:30 p.m.
  • Where: Golden Community Center, 1470 10th St.

Past Meetings

Community Meeting #1: Sept. 2024 -- Walking Tour & Online Feedback

Community Meeting #2: Oct. 2024 -- In-Person & Online Feedback

  • Oct. 2024 Meeting In-Person Feedback (coming soon)
  • Oct. 2024 Online Feedback (coming soon)

Community Meeting #3: Nov. 20, 2024 -- In-Person & Online Feedback

  • CLOSED: This survey has concluded.

    Heart of Golden: Concept Design Feedback

    We are listening to the community as we continue to refine plans for the Heart of Golden project. 

    The following provides an opportunity to comment and provide feedback on the concept design.

    Share Heart of Golden: Concept Design Feedback on Facebook Share Heart of Golden: Concept Design Feedback on Twitter Share Heart of Golden: Concept Design Feedback on Linkedin Email Heart of Golden: Concept Design Feedback link
  • CLOSED: This survey has concluded.

    Heart of Golden: Meeting 2 Feedback

    We are listening to the community as we continue to refine plans for the Heart of Golden project. 

    The following feedback opportunity provides summations of the feedback we have gathered so far and offers you the opportunity to comment and provide further feedback.

    Share Heart of Golden: Meeting 2 Feedback on Facebook Share Heart of Golden: Meeting 2 Feedback on Twitter Share Heart of Golden: Meeting 2 Feedback on Linkedin Email Heart of Golden: Meeting 2 Feedback link
Page last updated: 19 Dec 2024, 12:40 PM