Denver, CO
Theater backed by DDA delays opening after convoluted city loan process
Blair Russell and Steve Wargo kicked off their LoDo theater with a song and a dance.
It wasn’t their first production, but rather, the overly elaborate and frustrating process of getting money from the Denver Downtown Development Authority.
“By the end, it was like CC’ing just 10 people on emails, just hoping that one of the people was the right one,” Russell said.
The duo were awarded a $400,000 loan from the city affiliate last July to help them launch the Denver Immersive Repertory Theater at the corner of 15th and Blake streets. They said what ensued was months of back and forth, with redundant questioning and confusion from city staff.
“Some of them, it didn’t feel like they even knew who we were or what we were asking for,” Russell said.
The men finally got their loan last month. But they said the ordeal pushed back the theater’s opening date by at least two months.
“How do we plan to open a business when we have no idea how many more steps this is going to take, what the process is and what they really, truly expect the timeline is?” Wargo said.
DDA tasked with revitalizing downtown
The DDA has existed since 2008, when it was formed to redevelop Union Station. In the wake of the pandemic and years of construction along the 16th Street Mall, a small group of voters extended the organization’s mandate to the whole of downtown, approving $570 million in bond funding.
That money will be used for a variety of things intended to revitalize the area, from helping launch retailers to renovating parks and partially financing the conversion of offices into apartments. The money is generally expected to be repaid from the increase in taxes created by the new investments.
About $155 million has been awarded so far.
When Russell and Wargo applied for DDA funding in early 2025, their business plan was largely ironed out. The two were looking to open an “immersive” theater, where people come to participate in the play, not just watch. Its first production, “Midnight’s Dream,” will feature 11 rooms with scenes happening simultaneously — 18 hours of acting in each show.
The pair hoped to put DDA money toward the $750,000 build-out of their location at 1431 15th St. When they applied, they were under the impression that the award would be a grant.
“I think everybody went into this not knowing how the funds were going to be delivered,” Russell said. “So you just make some assumptions. And we heard that there were grant funds, we heard that there were loans — that they had different ways of implementing this.”
Ultimately, a loan is what they got. The terms: 10 years at 3% interest, better than they’d be able to get elsewhere. Mayor Mike Johnston announced July 30 that Russell and Wargo’s theater, along with nine other projects, would be awarded a combined $100 million.
“Today launches downtown Denver’s economic recovery into overdrive,” Johnston said at a news conference.
First recipients just now getting money
But as the mayor was speaking, the DDA had yet to even source the money it was awarding.
Among the funding recipients announced in July was Green Spaces, a recently shuttered RiNo coworking, event and retail space that’s opening at 16th and Welton streets.
“It wasn’t smooth, but it wasn’t a terrible, strenuous process,” Green Spaces CEO Jevon Taylor said of working with the city and DDA.
The 30-year-old entrepreneur said his opening date for Green Spaces was pushed back from spring to this summer. But he doesn’t attribute that to one party, instead saying that he faced difficulty getting everyone — the city, his landlord, his subtenants — on the same page.
“I was just playing middleman,” Taylor said.
The city approved DDA for its own loan in November, giving it the first tranche of funds to dole out. PNC Bank provided the authority with a $160 million loan expiring in July 2038 and a short-term, $50 million line of credit.
“When [the award] was announced, and when we applied, we went into it with the idea that we would use it to finish the core and shell construction on our space,” Russell said. “Because we didn’t get the money in September or October, we had to just move with our own funds to do that work.”
That’s when the conversation shifted from Russell and Wargo being asked by city officials how the business would operate and use the funds to how they wanted to receive the money. That stage of the process also took months.
“We couldn’t have done that before?” Russell recalls thinking.
Now, with the loan in hand and the build-out well underway, they plan to use the funds to pay actors and for other ancillary expenses.
Mosher: Process ‘was too cumbersome’
Bill Mosher, Denver’s chief projects officer and a primary architect of the DDA, told BusinessDen in an interview that the process could have been better.
“I cannot refute, disagree, or say anything they said is not true,” he said of Russell and Wargo.
The hang-up, Mosher said, was that the DDA put the recipients of the awards through a city program that distributes loans to small businesses. But that process was far more complex and intensive than needed, he said.
“It was too cumbersome, and we need to be more flexible,” he added.
Going forward, Mosher said, the DDA will play a larger role in administering its loans to businesses directly. That means having a primary point of contact and establishing guidelines on how the funds ought to be distributed.
Mosher pointed to the DDA’s process for office-to-residential conversion loans, which are outlined in a simple, one-page document on its website.
Despite their frustrations, Russell and Wargo said they’re grateful for the DDA funding. They said the involvement of the city affiliate even helped them pick up investors. The two had previously been self-funding the entire endeavor.
“It’s so rare to get that type of support for a project of this nature that [it] was actually a plus to investors,” Russell said.
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Denver, CO
Recap: Denver Nuggets B squad defeats Oklahoma City Thunder C squad 127-107. – Denver Stiffs
Neither the Denver Nuggets nor the Oklahoma City Thunder elected to put their best foot forward on Friday night. The Nuggets rested all of their starters and the Thunder rested basically everyone who plays in their rotation with the exception of Lu Dort. That made for an interesting game but the Nuggets still found plenty of production from guys like Jonas Valanciunas, Julian Strawther and local college hero David Roddy. All three of those players put up 20+ points and led a big run in the fourth quarter to put the Thunder away 127-107. The Nuggets also end up securing homecourt advantage in the first round of the playoffs with the win.
The offenses were understandably clunky on both sides as the game opened. The Nuggets were playing a lot of one on one and were able to get a small lead. Aaron Wiggins was the main catalyst on the Thunder’s side. Valanciunas bullied his way to points and kept Denver in front as the quarter progressed. The Nuggets stayed in the lead by a couple buckets past the halfway point of the first and then they started hitting some threes which grew their advantage up near double digits. Jalen Pickett had some strong minutes and the lead got past ten as the quarter winded down. The Thunder pushed back, Kenrich Williams started attacking and got some buckets. Both teams started firing away from three to close the first. When it ended Denver led 34-27.
The Nuggets kept their lead in the early going of the second quarter but OKC had started to find some rhythm on offense. After a few minutes the quarter slowed down with some officiating reviews, first for a challenge and then with Lu Dort elbowing Roddy in the face on a rebound attempt (ruled a common foul). The Thunder kept within a couple buckets until Valanciunas came back in and started dominating the glass. Unfortunately the reserves were still inevitably clunky and turnovers let OKC get back within four again when there was just over four minutes to go in the half. Strawther heated up and helped Denver to a strong close. After two quarters they led 59-51.

The Nuggets were a little sluggish coming out of the locker room but Big Val kept them in front early in the third quarter. Eventually the rest of Denver’s starting group got going as well while Branden Carlson was scoring for the Thunder. The Nuggets were still sloppy with the basketball, Wiggins and Williams were making shots for OKC and the lead started to dwindle. Tim Hardaway Jr., who had a terrible first half shooting, hit a much needed three to stop the latest Thunder run and keep Denver in front but the turnovers and Nikola Topic were making things difficult. Oklahoma City was definitely playing with more effort but the Nuggets kept getting a key bucket here or there to not fully relinquish the lead. Carlson was giving Denver problems again, including a poster jam on Zeke Nnaji. It wasn’t a strong close to the third for the Nuggets, but after three they still led 90-85.
Denver opened the fourth on a 10-0 run that was led mostly by Roddy who was shooting with confidence. After a timeout by the Thunder, Valanciunas had a big putback dunk and kept the momentum on the Nuggets side. It took until almost the seven minute mark before OKC finally hit a shot and by that time the lead was creeping up near twenty. It continued to be all Denver. Strawther (who had a couple nice steals in the game) poked the ball away from Topic and highlighted the Nuggets run with an impressive fastbreak dunk. The energy started to wane after that with the score making the game look pretty well in hand. Denver settled for jump shots and the Thunder went on a run to cut the lead back down to a dozen. David Adelman took a timeout and that got the defense refocused. Roddy hit another three and the clock started to work against OKC. Denver’s bench was able to wind it out and get some points at the free throw line to finish it off. They secure the victory, 127-107.
Final Thoughts
Got to love the effort from the less heralded guys
Valanciunas was the big star of the game and showed that he can still be a very effective player with his size and skill. Roddy was probably the best story of the night though, the Colorado State Ram alum got significant minutes in the second half and was the key to Denver’s big run to open the fourth quarter. There’s no guarantees he is on an NBA roster next season and as a two-way player he won’t be eligible to play in the playoffs so these two games are a great opportunity for him to start his audition for a spot on someone’s team next season. He definitely helped himself tonight. Other guys who have stepped up during the season but lost playing time in the rotation squeeze when the starters got healthy looked great tonight too. Pickett played a strong mid-range game and gave Denver a boost off the bench, Strawther looked like the scoring threat we know he can be. All around a really great effort from some players who haven’t got a lot of regularity in terms of playing time.

This win puts Denver in the driver seat for seeding
Shortly after the Nuggets sealed up this win, the Houston Rockets fell to the Minnesota Timberwolves. That means Houston cannot catch Denver and thus the Nuggets will have homecourt advantage in the first round. The Los Angeles Lakers, however, defeated the Phoenix Suns by double digits tonight and can still secure the three seed with a win on Sunday against the Utah Jazz coupled with a Nuggets loss to the San Antonio Spurs on the same day. The Spurs have nothing to play for so in theory Denver is in the driver’s seat in terms of who they want to see in the first round and what side of the playoff bracket they’d like to land on. Beat the Spurs, take on the Minnesota Timberwolves and avoid the Thunder until the Western Conference Finals. Lose to the Spurs and face the Houston Rockets in the first round while likely facing the Thunder in round two. I’d take option one but we’ll see where the Nuggets organization’s head is at when the injury report comes out tomorrow evening. An interesting side note to this decision is Nikola Jokic will need to play at least 15 minutes on Sunday to qualify for season awards.
Credit is due to David Adelman
I assume Denver wants to get the three seed, it makes the most sense given that T-Wolves star Anthony Edwards is fighting runner’s knee and the Nuggets would avoid a matchup with OKC until the Western Conference Finals. It was a bit of a calculated gamble tonight to sit the entire starting lineup and risk the opportunity to play for the three seed on Sunday. In the end it looks like a brilliant call. There’s no doubt the Nuggets starting group can benefit from a night off. Aaron Gordon, Cameron Johnson, Christian Braun and Jokic all missed time this season with injuries and you can still see the occasional winces or additional padding that indicate those injuries aren’t fully healed. Meanwhile, Jamal Murray’s been putting in a herculean effort leading the team when those guys haven’t been available. Denver was able to get all of their starters a night off and still ended up with a twenty point victory playing guys who have got minimal live game minutes together this year. Oh by the way, it was their eleventh straight victory. Great win all around, including from Denver’s coach.
Denver, CO
Broncos owners buy 40% ownership stake in the Colorado Rockies
A seismic shift has come to the Colorado Rockies.
The Penner Sports Group, which owns a controlling interest in the Denver Broncos, has joined the Rockies ownership group in a move that will have a major impact on Colorado’s Major League Baseball franchise. Rockies chairman and CEO Dick Monfort and owner/general partner Charlie Monfort announced the move on Friday.
Penner Sports Group — the family entity of Greg and Carrie Walton Penner that holds a large stake in the Broncos — now becomes the largest minority partner of the Rockies. Sources told The Denver Post that the Penners are purchasing a 40% share of the Rockies.
Greg Penner will remain CEO of the Broncos, and fellow primary owner Carrie Penner, his wife, will continue on in her various roles with the team. The Penners will have no day-to-day involvement running the Rockies, a source said.
“We are excited to expand our commitment to the Denver sports community through a minority partnership with the Colorado Rockies,” the Penners said in a prepared statement. “This investment from Penner Sports Group reflects our deep appreciation for what the Rockies mean to this region, the passion of their fans and our confidence in the future of the franchise.”
According to Forbes, the Rockies are valued at $1.68 billion, ranking 25th among Major League Baseball’s 30 teams. The Penner Sports Group’s investment has been formally approved by MLB.
The Penner’s investment will help the Rockies become a bigger player in baseball’s current, uneven financial landscape, in which big-market teams like the Los Angeles Dodgers and New York Yankees outspend mid-market teams like the Rockies.
Renck: Rockies hit a home run for Colorado fans by bringing in Broncos owners
According to the Rockies, the Penners’ investment allows the franchise to retire all outstanding debt and provides additional capital for the team.
Dick Monfort will continue in his role as chairman and CEO, Charlie Monfort will remain as owner/general partner, and Walker Monfort (Dick’s son) will remain as the club’s president, running day-to-day operations.
“Speaking personally, on behalf of Charlie and our family, our other partners and the organization, we’re excited to welcome Greg and Carrie Penner into the Colorado Rockies ownership group,” Dick Monfort said in a statement. “I’ve had the pleasure to build a strong relationship with Greg and Carrie over the past few years. For many reasons, including their recent success with the Broncos, we know we are gaining much more than just financial support in this partnership with Penner Sports Group.
“Greg and Carrie have proven that they share the same passion for our region and a strong commitment to compete at the highest level. We are thrilled to add them to the Colorado Rockies’ ownership group as we best position this franchise for long-term sustained success.”
Negotiations between the Monforts and Penner have been ongoing for months, sources told The Post.
The Walton-Penner Family Ownership Group, led by Greg Penner, Carrie Walton Penner, and Rob Walton, purchased the Broncos for $4.65 billion in August 2022. The Broncos are in the early in the process, but knee deep on the way to building a new stadium and entertainment complex at Burnham Yard.
“Our family’s had such a positive experience with the Broncos, reinforcing our interest in partnering with another team in this dynamic sports market,” the Penners said. “We’ve enjoyed getting to know the Monforts and are grateful to join Dick and Charlie in the Rockies’ ownership group along with the other partners.
“While our focus remains firmly on the Broncos, we look forward to being supportive, long-term partners of the Rockies and Major League Baseball.”
Dick and Charlie Monfort became the Rockies’ majority owners in 2005. Forbes first valued the Rockies in 1998, just five years after their inception, at $303 million. Since then, the club has appreciated by more than 450%.
Denver, CO
Patty Herrick Obituary | The Denver Post
Patty Herrick
OBITUARY
Patty Herrick passed on March 27th, 2026 after a nine month long battle with leukemia. She faced it with determination, grace, and strength of will. Born February 2nd, 1953 to Patricia Floyd and Thomas Pryor in New York, she was a lifelong lover of animals, the water, and photography. After graduating from the University of Denver, she became a psychologist in the Denver area before shifting to become a full time mom. She lived in the Denver area for 30+ years cultivating a community. Motherhood became an integral part of her life, she is survived by her four children; Annie, Matthew, Liam, and David, her dog Luke, and bird Brille.
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