A long-planned project to restore healthy ecosystems along the South Platte River and two other waterways in central Denver got a major boost from the federal government this week, in the form of $350 million in funding from the U.S. Army Corps of Engineers.
The funding for the South Platte River Project, spearheaded by Denver and Adams counties, will cover nearly two-thirds of the $550 million that civic leaders plan to spend restoring wetland habitats, improving recreation and mitigating flood risk along a 6.5-mile stretch of the river, along with Weir Gulch and Harvard Gulch.
The funds awarded Tuesday by the Biden administration are part of the $17 billion appropriated by a new federal infrastructure law to the Army Corps of Engineers to support flood mitigation projects across the country.
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“I’m delighted to welcome funding from the bipartisan infrastructure bill for the South Platte River and surrounding communities after years of urging Washington to support this project,” Sen. Michael Bennet said in a statement. “For decades, the neighborhoods bordering the South Platte River have experienced environmental hardship. This project is an important part of Denver’s efforts to protect communities and businesses from flooding, build resilient infrastructure, and help ensure that anyone who wants to live and work in Denver is able to.”
The Army Corps of Engineers finalized a feasibility and impact study on the project in 2019, concluding more than a decade of planning and environmental reviews. In addition to restoring aquatic, wetland and riparian wildlife habitats along the South Platte, supporters say the plan will create more than 7,000 jobs and protect hundreds of homes and other structures from flood risk.
In December, Denver Mayor Michael Hancock convened a coalition of two dozen interest groups that signed a memorandum of understanding on the project in order to secure federal funding. Signatories included the Colorado Water Conservation Board, Denver Water and multiple environmental and conservation organizations — as well as business and real-estate groups like the Denver Metro Chamber of Commerce and Revesco Properties.
Revesco is the developer behind the massive, multi-billion-dollar River Mile project, which aims to redevelop 62 acres along the Platte south of Confluence Park over the next 25 years, adding homes for new 15,000 residents and ultimately displacing the Elitch Gardens amusement park. The river restoration project, too, is likely to take decades to complete, with city officials estimating in 2018 that the project could be finished in 10 to 20 years.
“The restoration and conservation of the South Platte River ecosystem is a phenomenal opportunity,” Hancock said in a statement. “Infrastructure investments like this do more than just improve our waterways, they build lives, they build communities and they build futures.”
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