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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The Fourth of July weekend is one of the biggest celebrations of the summer, and Denver is delivering a packed lineup of events for every kind of adventurer. Whether you’re looking to watch fireworks light up the Colorado sky, catch a live concert at Red Rocks, enjoy rooftop parties, indulge in seasonal food and drinks or explore the city’s thriving arts and culture scene, there’s no shortage of ways to celebrate Independence Day.
Here’s your guide to the best music, food, fireworks, nightlife, arts, and cultural events happening across Denver this Fourth of July weekend.
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Read: Best Rooftops to Watch 4th of July Fireworks + Sip Cocktails in Denver
Read: The Ultimate 4th of July Outdoor Colorado Music Guide
FASHION EVENTS
Denver Fashion Week Fall 2026 Second Model Auditions
Where: TBA
Cost: $10+
The Lowdown:
Following overwhelming demand from aspiring models across Colorado, Denver Fashion Week (DFW) has announced a second round of model auditions for its upcoming Fall/Winter 2026 runway season.
MUSIC EVENTS
Read: The Ultimate 4th of July Outdoor Colorado Music Guide
Gillian Grogan and EMMA ROSE
Where: Skylark Lounge – 140 S. Broadway
Cost: $18+
The Lowdown:
Zeds Dead with Sippy, Baauer, Holly, HYDRAULIX & LUMBERJVCK
Where: Red Rocks Amphitheatre – 18300 W Alameda Pkwy, Morrison
Cost: $205+
The Lowdown:
Flobots
Where: Levitt Pavilion Denver – 1380 W Florida Ave
Cost: $0+
The Lowdown:
Don Toliver with SahBabii, SoFaygo, Chase B
Where: Ball Arena – 1000 Chopper Cir
Cost: $105+
The Lowdown:
FOOD EVENTS
Read: Best Rooftops to Watch 4th of July Fireworks + Sip Cocktails in Denver
Dumpling Love: Dim Sum Party
Where: Stir Cooking School Highlands – 3215 Zuni St.
Cost: $120 per person
The Lowdown:
Join the dumpling party and learn how to make pork bao buns, shrimp shumai, pan-fried gyoza, and crab cheese rangoons. All classes include a full bar with beer, wine, and house-curated cocktails for purchase.
Stars, Stripes, and Deck Nights
Where: Woodie Fisher Kitchen & Bar – 1999 Chestnut Pl.
Cost: Free
The Lowdown:
Celebrate America’s 250th with our festive Bomb Pop Drinks, featuring real Bomb Pops and High Noon buckets!
4th of July Rooftop Fiesta at Cimera
Where: The Source Hotel – 3330 Brighton Blvd.
Cost: $60+
The Lowdown:
The experience is an open rooftop gathering featuring live-fire cooking, craft cocktails, and skyline views throughout the evening. Guests will enjoy Peruvian street skewers, duck & chorizo paella, and ceviche prepared live on-site.
Farmers Market Central Park
Where: Central Park – 29th Ave & Roslyn
Cost: Free
The Lowdown:
Local vendors provide Colorado-grown produce, tasty baked goods, specialty meats, gourmet food items and more!
LIFESTYLE EVENTS
Mystic Magnolias; A Southern Gothic Cabaret
Where: Colorado Sake Co – 3559 Larimer St
Cost: $25+
The Lowdown:
Saunter yourself out to The Mystic Magnolias, a Burlesque AND Drag Show with chilling charm and dripping in Southern Gothic atmosphere.
America 250 | Colorado 150 Drone Show presented by Visit Denver
Where: DPAC/Denver Performing Arts Complex – 1400 Curtis St.
Cost: Free
The Lowdown:
Following Sunset Cinema’s showing of National Treasure on July 3rd at Sculpture Park, stay to enjoy the 4th of July Drone Show! This special event will be brought to you by Visit Denver, celebrating American 250 | Colorado 150, including an appearance by Mayor Mike Johnston.
Beat The Bomb Summer Mission: America250 Edition
Where: Beat The Bomb – 3863 Steele St, Unit 1273
Cost: $39+
The Lowdown:
Beat The Bomb announces the limited-time-only Summer Mission: America250 Edition – celebrating America’s 250th with five new games, a collectible beach towel, and a red, white, and blue Paint Blast!
Independence Day Concert with Denver Municipal Band (Cheesman Park)
Where: Cheesman Park – 1900 E. 11th Ave.
Cost: Free
The Lowdown:
Price:Free
Join the Denver Municipal Band’s Concert Band for an Independence Day concert at Cheesman Park Pavilion with special guest Denver District 10 City Councilmember Chris Hinds narrating Aaron Copland’s Lincoln Portrait.
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Whether you’re dancing at a concert, enjoying a garden dinner, cheering on your favorite soccer team or exploring a new exhibition, Denver offers plenty of ways to fill your 4th of July weekend calendar. Gather your friends, support local businesses, and discover something new around the city.
After an extended wait of no activity from the Denver Nuggets in this year’s free agency period, the team has finally made its first new signing.
That signing just so happens to be the No. 2 pick from the 2018 NBA Draft, Marvin Bagley III.
According to ESPN‘s Shams Charania, the Nuggets and Bagley have agreed to a one-year, veteran minimum deal for the 2026-27 season, effectively providing some solid depth in the frontcourt.
Free agent center Marvin Bagley III has agreed to a one-year deal with the Denver Nuggets, sources tell ESPN. A critical frontcourt addition for the Nuggets. pic.twitter.com/enHBVxgfYl
— Shams Charania (@ShamsCharania) July 2, 2026
With Denver’s first free agency signing now officially in the books, here’s what the move to bring in Bagley might mean for the Nuggets moving forward into free agency and this offseason, as well as entering next season.
Marvin Bagley Brings Frontcourt Depth to Denver’s Lineup
Bagley split his time between the Washington Wizards and Dallas Mavericks this past season to put together one of his better years of production in recent memory.
In the 60 combined games he played, Watson averaged 10.5 points, 6.1 rebounds, and 1.4 assists while shooting a career-high 61.8% from the field and 46.2% from three on a little less than one attempt per game.
Bagley’s a big who’s game centers more around his offensive skillset. He spent most of his time shooting last season at the rim or in the mid-range, shooting a stout 64.1% on two-pointers last season that can bring a bit of an interior presence into Denver’s frontcourt.
Defensively, he leaves a little bit more to be desired. And he’s still not quite the most impressive three-point shooter, even coming off his most efficient season from deep.
But for the cost of a veteran minimum contract, he acts as a nice budget-friendly addition who can shoulder some of the load offensively, and has shown value as an offensive rebounder as well. It’s tough to find much better for the price Denver’s paying.
While entering the league slotted in primarily as a power forward, it’s been in the past few seasons that Bagley’s settled in more as a full-time five; having spent 95% of his minutes during the 2025-26 campaign playing at the five.
That might give you a bit of a hint as to how the Nuggets plan to use him this next season, though they might also have some stretches where he’s placed alongside Nikola Jokic at the four for a bit of a larger frontcourt lineup.
The Writing’s On the Wall for Jonas Valanciunas
Looking at what Bagley’s addition might mean for the Nuggets’ current roster, no one in the picture gets more impacted by Jonas Valanciunas.
Valanciunas was Denver’s primary backup behind Jokic at the five last season following his trade from the Sacramento Kings, and entered this offseason with an uncertain future because of his contract situation.
The veteran big man has an expiring $10 million contract heading into the 2026-27 season, but one that’s not fully guaranteed, giving the Nuggets the opportunity to release him and save $8 million, while incurring a dead cap hit of $2 million that can be stretched over multiple years.
Such a move can give the Nuggets further cap flexibility that they’ll need this offseason to re-sign key pieces like Peyton Watson and Spencer Jones, which to this point haven’t been done, but becomes a bit easier now that Denver can take that next step in pivoting off of Valanciunas.
Perhaps Denver might also look deeper into a trade involving Zeke Nnaji, now that they’ve got a cheaper option in Bagley that might even sit ahead of him on the initial depth chart. However, it remains to be seen if the Nuggets have any takers on the two years remaining on his contract. To this point, they haven’t found anyone to bite.
When factoring in Valanciunas and Nnaji though, Bagley’s addition now brings the Nuggets to a total of 10 players signed onto traditional contracts for the 2026-27 season.
That leaves them with four open spots left to utilize in the days and weeks ahead. How they decide to use that space remains to be seen, but at the very least, the Nuggets’ long-awaited first offseason signing has now officially come to light.
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See social media react to LeBron James leaving the Lakers
After eight seasons in Los Angeles, LeBron James will return for his 24th season, but not with the Lakers.
The King and the Joker together?
Is it possible that LeBron James could join the Denver Nuggets?
The 41-year-old James plans to play in 2026-27 for his 24th NBA season, but he’s informed the Lakers it will be with another team.
It seems like the Nuggets may be at least somewhat interested in pairing James with star Nikola Jokic. The Nuggets have reached out to James, the Denver Post reported on July 1.
Brian Windhorst of ESPN said he has “long believed” the Nuggets could be an “outlier” team in part because of James’ admiration for Jokic.
The Nuggets recruited James when he was a free agent in 2018 before he signed with the Lakers.
LeBron James next team betting odds
Where do the sports books think James is going? Sports betting company DraftKings Sports does not have the Nuggets high on the list.
There are 10 teams that DraftKings believes are most likely to land James in free agency after he turned down the Lakers.
DraftKings believes James will choose to sign with one of the following teams at some point this summer: Golden State Warriors, Miami Heat, Detroit Pistons, Cleveland Cavaliers, San Antonio Spurs, Dallas Mavericks, Milwaukee Bucks, Brooklyn Nets, Washington Wizards and Philadelphia 76ers.
DraftKings Sports odds: LeBron James landing spots
Here are the full odds for the top 10 landing spots this free agency period for James, a four-time champion, Finals MVP and league MVP:
- Golden State Warriors: -250
- Cleveland Cavaliers: +170
- Miami Heat: +800
- San Antonio Spurs: +3000
- Detroit Pistons: +3000
- Dallas Mavericks: +3000
- Milwaukee Bucks: +4000
- Brooklyn Nets: +4000
- Washington Wizards: +5000
- Philadelphia 76ers: +5000
Sports reporter Kevin Lytle can be found on social media on X, Instagram and Threads @Kevin_Lytle and on Bluesky.
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