Castle Rock continues to push business initiatives

Press release
Posted 8/24/11

Earlier this summer, Town Council earmarked $5 million toward economic development to help lure new businesses and job opportunities to Town. Now, in …

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Castle Rock continues to push business initiatives

Posted

Earlier this summer, Town Council earmarked $5 million toward economic development to help lure new businesses and job opportunities to Town. Now, in a continued effort to enhance local economic development efforts, Council is considering lower development fees, and will guarantee faster tenant improvements.

Beginning Sept. 1, the Town will guarantee having building plans approved and permits ready for pick up within 10 business days - or, the permit is free.

"We're confident in our tenant improvement program," said Development Services Director Bill Detweiler. "In fact, we believe our program's the best in the state. To prove that, we decided to back up our work and offer to have tenant improvement permits done in 10 days - or, they're free."

The offer was generated through the Castle Rock Economic Partnership, a consortium which includes members from the Economic Development Council, Castle Rock Chamber, the Town, and others involved in local real estate and development.

The 10 days allows for submittal and review of applications, and coordination of any issues, prior to issuing the building permit. It does not account for the time the applicant or architect takes to respond to the Town's comments. The offer is for tenant improvements to projects of 8,000 square feet or less. Over the past three years, 95 percent of the permits issued by the Town are for tenant improvements of that size.

Also in September, Town Council will consider a proposal by staff to lower development fees. Council first will consider the new fee structure Sept. 6 and may approve new rates on Sept. 13. The new fee schedule could be immediately enacted on Sept. 13, if Council so decides.

Town staff has been working for more than a year to evaluate ways to improve development fees, which include fees on new construction. Staff has worked with two consulting firms to perform the comprehensive fee study and also took input from stakeholders like the Economic Development Council, the Home Builders Association, Town Council, Planning Commission, and numerous developers and builders.

"We've listened to our development community," said Detweiler. "Castle Rock's fees have been higher than those throughout the Denver Metro region. The new fees that we're proposing bring us more in line with competing communities."

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