To: Board of County Commissioners
Through: Michelle Halstead, Director, Commissioners' Office
Prepared By:
prepared
Christine Shapard VP Economic Development, Denver South
end
presenter
Presenter: Christine Shapard, VP Economic Development, Denver South
end
Subject:
title
3:30 PM *Charter Communications Inc. Rebate Extension (Project Colony)
end
Purpose and Request:
recommended action
The purpose of this request is to support efforts to attract high quality, highly visible companies to Arapahoe County and the region. The Board of County Commissioners is requested to extend the current business personal property tax rebate agreement with Charter Communications (Charter) as it pertains to Project Colony for another five years at 100%, which is allowed under Colorado statute.
Denver South and the City of Greenwood Village, on behalf of Charter, requests consideration of this extension.
end
Background and Discussion:
Charter Communications has a large presence in Arapahoe County, and Project Colony was the name of the company's Fiddler's Green Complex construction project. This project received a 2016 business personal property tax rebate for the creation of 797 jobs with an average wage of $93,374 and capital investment of $61.85M over the first four years.
Charter exceeded these metrics. As of 2022, the company hired 1,829 at the Project Colony site with an average wage of $180,000 - almost 195% of the committed average wage of the Project Colony Incentives Payment Agreement. In addition to employees at the Fiddler's Green Complex, Charter hired an additional 1,605 workers in Arapahoe County who filled seats at 6175 S. Willow Drive, 11011 E. Peakview Avenue, 6380 S. Fiddler's Green Circle and 6501 S. Fiddler's Green Circle.
The company also exceeded its capital investment estimate by $13.7M for a total investment of $75M through 2018. Since the commencement of operations at Fiddler's Green Complex in 2018, Charter has invested an addi...
Click here for full text