Compark withdraws offer to bring Redbarre to Parker

The media company will continue searching for a Colorado home for a 1.9 million-square-foot campus

Posted 8/2/18

In April, media and technology company Redbarre announced it was no longer committed to building a $1 billion digital media campus in the Compark industrial area of Parker, citing “an impasse with …

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Compark withdraws offer to bring Redbarre to Parker

The media company will continue searching for a Colorado home for a 1.9 million-square-foot campus

Posted

In April, media and technology company Redbarre announced it was no longer committed to building a $1 billion digital media campus in the Compark industrial area of Parker, citing “an impasse with the landowner.” The campus was still a possibility for the site, but Redbarre officials were exploring their options, a spokesman said.

On July 30, Compark developers officially took themselves out of contention for the campus, withdrawing the location in northwest Parker from consideration.

“We respect Compark's decision to remove their site as one of our preferred locations...,” said Don Levy, CEO of Redbarre, in a news release announcing Compark's move. “Putting a fund package together for a billion-dollar project takes time and patience. We wish Compark and the town of Parker nothing but the best, they have been world-class in their approach and accessibility throughout this process.”

The news release, sent by the public relations firm Dovetail Solutions, stated Redbarre was told Compark withdrew its offer for “unspecified reasons.”

Compark developer Michael Vickers declined to comment.

In August 2017, Redbarre announced plans to build in Parker amid much fanfare.

The company held a news conference on the steps of the state Capitol in Denver, with Gov. John Hickenlooper and officials from Parker and Douglas County in attendance. Plans were to build a 68-acre, 1.9 million-square-foot digital media and technology campus in the Compark area. The plans included production studios, retail, office and hospitality spaces, and promised to bring nearly 4,000 jobs to the area.

Plans originally called for the campus to break ground this summer.

“We are clearly disappointed, but the dynamic nature of project negotations often result in changes and delays that are unexpected,” said Matt Carlson, business recruitment manager for the Town of Parker's Economic Development Division.

Parker Mayor Mike Waid said the town had been a big supporter of the project from the beginning.

In its announcement in 2017, Redbarre said the Compark area of Parker provided a unique combination of land, price, data infrastructure and location. Compark is located along E-470 and includes bits of land in Parker and unincorporated Douglas County.

The company's website, at redbarre.com/Colorado, says Colorado was an attractive option to build its campus for its centralized location and booming technology industry. The site says Redbarre has locations in Denver, New York and Los Angeles.

Where does Redbarre go from here?

On the company's site, under the tab originally labeled “How does this affect Parker?” it now reads “How does this affect the communities of South Denver?” It states Redbarre would bring more than $900 million in new infrastructure to the communities of South Denver, increased local tax revenues and several new indoor and outdoor venues available for local community events.

The groundbreaking on Redbarre's Colorado campus was originally scheduled to begin between July and September. According to the Redbarre news release, the project will break ground later this year, but it's not clear where. A spokesman said he could not release a list of possible sites per a non-disclosure agreement.

While the town won't be seeing what was touted to be a boost of more than $1 billion to its economy, Carlson said the town will continue to attract businesses to the Compark area.

“The availability of easily developed sites, such as Compark, allows Parker to frequently engage in discussions with organizations, both bigger and smaller than Redbarre, who are looking to expand or relocate their operations in Colorado,” Carlson said.

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