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Denver Downtown Development Authority approves up to 7 million in business loans
ColoradoBiz Staff //July 23, 2026//
Deposit Photos
Deposit Photos
Denver Downtown Development Authority approves up to 7 million in business loans
ColoradoBiz Staff //July 23, 2026//
In Brief:
- Denver Downtown Development Authority approves up to $7 million loan for Alterra Mountain Co.
- Alterra Mountain Co. considers downtown Denver for long-term headquarters
- Authority grants $240,000 low-interest loan to Paired Hospitality for new restaurant
- Board approves adding 101 W. Colfax Ave. to authority boundaries
DENVER — The Denver Downtown Development Authority approved two proposed investments aimed at filling office and ground-floor commercial space downtown.
The authority authorized up to $7 million in loan funding for Alterra Mountain Co. if the company selects a long-term headquarters location within the authority’s Upper Downtown boundaries.
Alterra, which owns 19 North American ski destinations and the Ikon Pass, is considering several potential headquarters sites, including downtown Denver office buildings. The funding would not be provided unless the company chooses an eligible property.
The authority also approved a $240,000 low-interest loan for Paired Hospitality, the restaurant group behind Beckon and Major Tom. The company plans to open a restaurant and bar in a 2,850-square-foot space at 1530 16th St.
The loan would help pay for an open kitchen, counter seating, a dining room, a bar and other tenant improvements. The restaurant is expected to operate seven days a week beginning at 3 p.m.
The board also approved a petition to add the city-owned office property at 101 W. Colfax Ave. to the authority’s boundaries. The inclusion would make the property eligible for authority programs as the city seeks prospective tenants.
“I am excited to see the evolution of the program and its continued role in shaping the future of our city center,” said Doug Tisdale, chair of the authority.
The investments and boundary change will go to the Denver City Council for final review and approval.
The authority has approved more than $298.7 million for downtown projects involving retail, entertainment, parks, housing, job creation and property acquisitions.
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