The City of Boulder and Boulder Community Health (BCH) closed on the purchase
of the 8.8-acre hospital property west of Broadway on Friday, Dec. 4.
The property includes the entire hospital campus site at 1100 Balsam Avenue
as well as two properties on Alpine Street and two small properties on
North Street. The agreed upon purchase price was $40 million.
“We are so excited to be the new owners and stewards of this important
property,” said City Manager Jane Brautigam. “The city is
very appreciative of the partnership this sale represents, and of the
leadership BCH showed in understanding the importance of this site to
the neighborhood and the city.”
“We look forward to undertaking a meaningful and significant community
engagement process that will support the thoughtful consideration of the
future uses of this site,” she continued. "Redevelopment opportunities
like this are rare in Boulder – and we want to ensure we leverage
this one wisely and collaboratively.”
BCH is also celebrating the closing.
“This sale is a true win-win situation that exemplifies Boulder
Community Health’s long-standing commitment to our hometown,”
said Dr. Robert Vissers, president/CEO of BCH. “It benefits BCH
and local health care in multiple ways and also provides the City of Boulder
with a valuable property that has tremendous potential for redevelopment.”
The closing agreement includes a two-year leaseback period, which will
end Dec. 4, 2017, unless BCH vacates earlier. During this time period,
BCH will retain possession of the hospital and continue to provide medical
services there, particularly inpatient and outpatient Behavioral Health
and Rehabilitation. Several physician and hospital clinics also will continue
operating at the Broadway site including –
- Pain Management
- Electroconvulsive Therapy (ECT)
- Boulder Valley Pulmonology
- Guerra Fisher Institute
- Holistic Family Medicine
- Internal Medicine Associates of Boulder
- Medical and Surgical Care of the Eye
- Thayer Group for Women’s Care
- Dr. Christopher Trojanovich
The hospital also retains possession of 183 parking spaces in the basement
and first floor of a parking structure at the corner of Alpine and Broadway
and a portion of the Brenton Building, which is currently used by the
Boulder Surgery Center. That portion will be vacated as soon as the center
can move to its new location.
The city has immediate use of 198 parking spaces on the second, third
and roof portion of the garage. Until more permanent redevelopment plans
are created and approved, downtown city employees will be encouraged to
park there as a satellite location to free up spaces for community members
and relieve traffic congestion in the Civic Area. It is also possible
that the city will move some work groups into open office space while
the planning process gets underway.
Because the BCH site plays a major economic role in supporting area businesses,
the city understands the importance of completing the planning process
in a timely manner; however, redevelopment will not begin until the appropriate
planning and land use tools are in place. The goal is to complete the
majority of these by the end of 2016.
Details of the anticipated planning approach will be shared with the City
Council and public in January. It is expected that this planning effort
will be coordinated with the 2015 Boulder Valley Comprehensive Plan Update.
Plans and redevelopment options for the site will be created and vetted
through a robust public engagement process to ensure that the redevelopment
aligns with the community’s goals and vision.
For more information about this project, please visit the city’s
Boulder Community Health/Broadway Campus Redevelopment webpage. A map of the acquired properties is included on that page.