Elitch Gardens Amusement Park   Denver, CO

Project Description:

Elitch Gardens is a world famous amusement park which has been a Denver landmark for over 100 years. Phelps Development took on the roles of development, design coordinator, and contractor to move Elitch Gardens from an existing site to its new location.

Elitch's amusement park is located in the Central Platte Valley adjacent to downtown Denver and encompasses 65 acres, including 22 acres of parking and 36 acres of public park area. The new park includes traditional gardens, old and new amusement rides, restaurants, child day care center, cultural center, theaters, retail facilities, games, observation tower, heliport, and other features.

The development project also included the construction of roadways, an offway ramp, bridges, and re-channelization of the South Platte River. Also included was environmental abatement, contaminated soil treatment, relocation, and removal work.

Project Team:

Development Assistance: Phelps Development
Contractor: Hensel Phelps Construction Co.

Project Cost:

Total: $110,000,000

Financing Structure:

Financing was made available via a mix of private equity, commercial loans, and public funds made available through a voter-approved bond issue for infrastructure development. Construction mini-permanent financing was provided by Bank One. Hensel Phelps provided a contractors guarantee to facilitate project financing.