Edgewater still looking for suitors as it hopes for resurgent summer
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Edgewater Brewery up for sale
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The proposed plaza at Las Colonias, which would have included retail and restaurant space, is being put on hold after the Grand Junction City Council and the Downtown Development Authority (DDA) board would not agree to fund $3 million for the development.
The plaza was proposed as a project of the Las Colonias Development Corporation (LCDC), which was asking the two entities to split the $3 million cost evenly. It would finance another $3 million through a bank. Members of the City Council raised concerns about the project at a joint meeting held Thursday morning.
âI am worried about the project being an LCDC project,â City Council Member Chuck McDaniel said. âA one-off project for the little nonprofit corporation that the city formed back in (2017). Iâm not comfortable with the $3 million of public money that it takes to make this work.â