A goal to improve a stretch along East Colfax Avenue, an effort whose roots go back almost three decades, hit a milestone this week with creation of the Fax-Mayfair Business Improvement District.
On Election Day on Tuesday, property and business owners voted for an annual assessment s to fund economic development, public improvements, safety and advocacy activities in the new business improvement district.
In addition, the Denver Office of Economic Development has awarded a $150,000 grant to offset start-up costs and fund a streetscape master plan for the district.
“It’s all about making this section of Colfax a thriving area for both consumers and businesses,” said Jamie Harris, president of the board and owner of the Mayfair Center at 14th and Krameria Street.
Other board members include:
- Candace Wickstrom, owner, City Floral Garden Center;
- Dan Murray, owner, Suburban Toppers;
- Barbara Macfarlane, co-owner, Marczyks Fine Foods;
- Mark Berzins, executive, Little Pub Company;
- Dave Emick, owner, Emick’s Auto Service;
- And Maurice Bennett,co-owner, Mayfair Center.
In the mid-1980s, business leaders organized “Colfax United” to clean up the street and improve its image.
But the area continued its steep decline.
By 2004, a group of concerned citizens formed the Fax Partnership, which secured city funding for business support programs, marketing and other initiatives
But there is a limit to what a grassroots, nonprofit organization can accomplish.
“The Fax Partnership really laid the groundwork for where we are today,” said Harris. “We’re honored—and eager—to take the baton and move the area to the next level.”
The Fax-Mayfair BID includes approximately 200 businesses from Elm Street to Monaco Parkway, including the Mayfair Town Center between Colfax and East 14th Avenue and Kearney and Leyden streets.
While the BID will serve as a catalyst for the rest of East Colfax, it is possible that other areas could eventually be included within the service boundaries.
All other segments of Colfax Avenue in Denver have organized BIDs. The group collaborates on corridor initiatives such as real estate tours, marketing and business support programs.
Interested in buying a home in Mayfair? Please visit COhomefinder.com.
Have a story idea or real estate tip? Contact John Rebchook at JRCHOOK@gmail.com. InsideRealEstateNews.com is sponsored by Universal Lending, Land Title Guarantee and 8z Real Estate. To read more articles by John Rebchook, subscribe to the Colorado Real Estate Journal.