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Denver, CO
Denver only has enough money to fund migrants for two more months
The city of Denver has contingency funds to sustain migrant surges for only about two more months.
Denver Mayor Mike Johnston, a Democrat, said during a town hall last week that his city is being forced to cycle migrant families in and out of shelters due to immigration surges. Following a temporary pause to avoid migrants being forced out into colder conditions, the process reportedly began on Monday, as more than 120 migrant families were told to leave their dwellings—the first group of some 800 families in total who will be forced to find new refuge within the next two weeks.
Johnston, who said that every city and county hotel room is at capacity, recently gained attention by supporting Republican Texas Governor Greg Abbott in his border battle against the Biden administration. Johnston said he sympathized with Abbott’s concerns and that he shouldn’t have to shoulder the load of an entire “newcomer population.”
Drew Angerer/Getty Images
“The city is currently in the process of drawing funds from our contingency reserves to meet the needs of the most recent surge in arrivals,” said Laura Swartz, spokesperson for the Denver Department of Finance, according to local reports. “This funding is anticipated to cover costs through April. All agencies have also been asked to identify potential savings within their 2024 budgets.
“It is too early right now to say what specific savings will be until we have had the time to assess and identify options. That work is underway now and will take several weeks to a few months to complete.”
Newsweek reached out to Swartz and the mayor’s office via email for comment.
As of Monday, a dashboard documenting migrants within city limits showed that 38,386 migrants have been served by the city—including 3,782 currently in shelters.
Denver has spent more than $40 million offering migrants the option of either accepting a spot in a shelter or taking tickets to be transferred to another location, according to Westword. Nearly half of them take the tickets.
The financial ramifications have reportedly led Johnston and city officials to determine how to curb such costs as projections show that Denver may ultimately spend up to $180 million, or about 10 percent of the city’s operating budget, this year. They are also set to receive $14.1 million from federal government reimbursements.
Denver’s migrant surge is the country’s biggest per capita, according to Johnston. In the coming days, he and Denver City Council will debate a potential $50 million in immigration funding, according to the Denver Gazette.
One facet of that is a $25 million cash transfer from the city’s general and capital improvement funds into the Border Crisis Special Revenue Fund, expected to be voted on at a February 12 meeting.
The other item to be debated and voted on relates to a $25 million master purchase order with Quebec Hospitality (Colorado Hospitality Services) to provide hotel rooms to temporarily house migrants.
Newsweek is committed to challenging conventional wisdom and finding connections in the search for common ground.
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DENVER — A lieutenant with Berthoud Fire who was injured after he was struck head-on by a wrong-way driver in Denver last month is making progress, according to a Tuesday update.
The wrong-way driver, identified as 25-year-old Kevem Dos Santos, was killed in the May 17 crash inside the barrier-separated HOV lanes on Interstate 25.
Ken Bradley, the Berthoud Fire lieutenant, was traveling to work when the crash occurred. He was transported to the hospital with serious injuries.
The crash left Bradley with multiple fractures in both legs, fractures to his left arm, a dislocated right shoulder, several broken ribs, and a collapsed lung.
Bradley’s family said he is now able to get in and out of his wheelchair on his own. But he faces additional surgeries this week to reconstruct his ankles and feet.
His family thanked the more than 800 donors who have contributed $85,000 to his GoFundMe and said he remains in good spirits.
Police have not said how Dos Santos managed to access the gate-controlled HOV lanes, leaving many questions unanswered.
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Denver will reimburse developers working on reviving the Rossonian Hotel up to $15.5 million in sales and property taxes after the council approved the urban development proposal during its meeting Monday.
The decision comes after Denver Urban Renewal Authority found that the site was “blighted,” meaning there are unsafe living or working conditions and environmental contamination.
DURA recommended the city allow “tax increment financing,” or TIF, to remediate those problems and get the project off the ground.
“This tax increment financing is one of the final pieces that makes the Rossonian possible. Without it, this project does not happen,” said Paul Books, one of the owners of the building. “But with it, we are working through the last remaining steps to break ground this summer.”
The project, in the Five Points neighborhood, is part of the Welton Corridor Urban Redevelopment Plan. The six-parcel property is in the namesake intersection of Welton, 27th and Washington streets.
The building, once called the Baxter Hotel, was a popular event space for jazz performances between the 1930s and 1950s. Performers such as Duke Ellington, Ella Fitzgerald and Billie Holiday took the stage there. It is on the National Register of Historic Buildings. The building has been vacant since the 1990s.
Palisade Partners, who purchased the property in 2017, plan to build 126 hotel rooms, a restaurant and an event space. They will also construct a new 8-story building between the Rossonian and the Hooper building as part of the redevelopment.
“We’ve concluded that the project does require assistance in order for it to be delivered as it has been contemplated,” said Bill Pruter, executive director of DURA.
Tax-increment financing, which is essentially a tax break or subsidy, allows developers to freeze how much is paid in property or sales taxes at a base level for up to 25 years, and then reinvest what would be paid above that back into certain elements of their projects.
For this project, the developers will be able to reinvest up to $15.5 million — which would otherwise go to the city’s bank account — into their project.
The city will reimburse the tax dollars for specific project costs mostly related to rehabilitation of the building. That includes up to $6.7 million on the plumbing and HVAC work in the new building and up to $2.3 million on the visible structure of the Rossonian Hotel.
The city will also reimburse up to $155,000 for “project art,” according to a presentation from DURA. DURA requires that 1% of the project’s costs be spent on art.
The tax freeze will last until the $15.5 million is reimbursed or in 25 years, whichever comes first.
“This project will bring new life to one of the most important corners in our neighborhood while preserving one of Denver’s most iconic cultural landmarks,” said Norman Harris, executive director of the Five Points Business Improvement District.
The total project is expected to cost $101 million and to be completed in 2028.
A roster move the Denver Broncos made back in March to clear cap space has come to fruition, as linebacker Dre Greenlaw’s post-June 1 designation release has taken effect.
As it turns out, the Broncos did gain more cap space with the move. While it appeared that the Greenlaw release had already been accounted for on sites such as Over The Cap, it actually had not.
Broncos’ Cap Space Grows
Instead, it turns out the $18.8 million in cap space the Broncos had prior to June 1 did not account for Greenlaw’s release. The Broncos now have more cap space than before, with $25.7 million available with his release in effect.
This means the Broncos have less need to cut players simply to create cap space. They can afford to keep the players they have on the roster until training camp starts, then make roster decisions based on what happens in the preseason.
The additional cap space will also help with accommodating any extensions the Broncos decide to give to players with expiring contracts. Players such as wide receiver/returner Marvin Mims Jr. and cornerbacks Ja’Quan McMillan and Riley Moss are among the younger players who might be in line for extensions, depending on how the Broncos value them and what they are seeking in a new deal.
Not to mention veterans, like backup quarterback Jarrett Stidham and left guard Ben Powers, both of whom are entering a contract year.
Potential for More Cap Carryover
The cap space also helps with the potential for more salary-cap carryover heading into 2027. Right now, the Broncos are projected to have just $2 million in cap space, but that does not account for carryover.
If the Broncos are wise with how they manage the cap in the coming months, they could carry over a significant amount of cap space into 2027. That alone will help alleviate the team’s cap situation next year.
Some might wonder whether the Broncos try to make another big move before training camp, but doing so would mean giving up cap space or draft capital that could be useful when it comes to improving the roster in 2027. We can’t rule out a trade, of course, but the added cap space doesn’t guarantee a trade is coming.
But the good news is the Broncos will be in a better cap position than before. We’ll see what moves come next and how that impacts cap space.
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