By Noah Festenstein | SOURCE: COLORADO POLITICS
The Denver City Council on Tuesday approved the $88.5 million purchase of the former Denver Post building in downtown.
The building at 101 W. Colfax Avenue last sold for $93.4 million in 2006, according to real estate records.
Officials said the purchase is necessary, as the city needs more courtroom spaces by 2023.
The city, which began leasing space from the owner of the Denver Post back in 2016, currently occupies 50%of the 101 W. Colfax building. The city pays about $5 million annually.
The council postponed Tuesday’s vote for the purchase two weeks ago, citing cost concerns and the need for more information.