CENTRAL CITY – The City of Central Urban Renewal Authority (CCURA) met on October 7, 2025, at 5 p.m. in City Hall, with all board members present, including Chair Jeremy Fey, Todd Williams, Marcia Enloe, Chuck Spencer, Zane Plsek, April Nielsen, and Joe Stranaly, who joined remotely.

Following approval of the agenda and minutes from the September 2 meeting, the board entered a brief executive session to discuss potential property acquisitions within Plan Areas 1 and 2. The session lasted about 20 minutes before the group reconvened in open session at 5:22 p.m.

Gregory Resort Village and Casino proposal

The authority's first item of general business was Resolution 25-02, approving a development proposal submitted by MarVinchi Gold LLC for the Gregory Resort Village and Casino, a planned one million square-foot mixed-use gaming and resort complex. 

The project, located within Urban Renewal Plan Area 2, is envisioned as a major destination featuring gaming, lodging, retail, housing, and entertainment across approximately 22 acres. 

The developer’s proposal outlines a multi-year buildout that includes forming a metropolitan district, establishing a planned unit development (PUD), and completing several phases of infrastructure and construction.

City staff confirmed the plan met the criteria outlined in the May 29, 2025, Request for Proposals and included recent amendments submitted on October 1. 

After a brief discussion, the board voted unanimously to adopt Resolution 25-02, formally approving the proposal.

Property negotiations and possible eminent domain

The Authority then considered Resolution 25-05, authorizing negotiations for the acquisition of certain parcels within Plan Areas 1 and 2. 

The resolution also permits the use of eminent domain if necessary to achieve objectives outlined in the City’s two adopted urban renewal plans. The measure passed unanimously without discussion.

2026 draft budget introduced

City Manager Daniel Miera distributed a draft of the URA’s 2026 budget for review. The document, still in progress, will return for final consideration at the Authority’s November 4 meeting. 

Miera explained that the draft shows the City’s $300,000 advance to the URA and includes projected revenues and expenditures tied to property sales and developer reimbursements.

He noted that the sale of 331 Gregory Street, related to the G3 project, is expected to generate approximately $350,000, although the final amount may be lower once closing costs are deducted. 

Miera added that consultant reimbursements will help offset professional service expenses, thereby minimizing ongoing costs given the Authority’s lack of recurring revenue.

During the discussion, Fey and members referenced the intergovernmental agreement governing the City’s advance, confirming that there is no need for additional loans between the City and URA. 

Fey joked that the board was “done borrowing from Peter to pay Paul,” a reference to the Authority’s goal of financial independence.

Miera reminded members that the RFP for Plan Area 1 remains open through November 15, and the URA continues to accept development proposals for that zone.

The meeting adjourned at 5:37 p.m.

CCURA meets on the first Tuesday of every month at 5 p.m. in the City Council Chambers at 141 Nevada Street, Central City. 

Meetings are open to the public and may also be accessed online at centralcity.colorado.gov/meeting or by phone at +1 646-558-8656, using Access Code 894 6836 3671.