Broomfield negotiating possible Town Square deal changes as permit deadline nears
A June 16 executive-session notice confirms City Council and BURA are discussing possible amendments to the 2019 redevelopment agreement, but the city has not publicly detailed which terms could change.
Broomfield City Council and the Broomfield Urban Renewal Authority entered a June 16 executive session to discuss the Broomfield Town Square project and possible changes to its 2019 redevelopment agreement, but the public record so far gives residents only a narrow view of what is on the table.
The executive-session notice says council and BURA met under Colorado's legal-advice and negotiator-exception rules to discuss the Broomfield Town Square development and "potential amendments" to the 2019 Redevelopment and Reinvestment Agreement. The notice does not identify the negotiators, name the other party in the talks, or describe which contract terms may be revised.
What is public is that the city has already signaled two related issues: timing and the underlying redevelopment deal. On the city's Broomfield Town Square project page, Broomfield says a future council meeting will consider both a three-year extension of the project's site development plan and amendments to the 2019 agreement with the Broomfield Town Square Alliance, which the city identifies as the project's master developer.
The same city page says the developer asked council to postpone a planned May 12, 2026, vote so the city and BURA could begin negotiating an amendment to the 2019 agreement. The page also says the developer requested an 18-month extension of the Sept. 12, 2026, deadline to obtain building permits under the site development plan approved in 2023.
That makes the schedule issue the clearest publicly documented term in play. Broomfield also said on its project page that a Feb. 24, 2026, council item was removed from the agenda because officials did not expect to meet the permit deadline within three years of the site-plan approval, and that council instead met in executive session for legal advice and direction to negotiators.
The city's public materials do not spell out whether financial incentives, reimbursement terms, performance milestones or other developer obligations would also change. The June 16 executive-session packet refers only to possible amendments to the 2019 agreement, without further detail.
Broomfield's project page outlines the scale of what is at stake. The project covers about 39 acres north of West 120th Avenue and east of Main Street. The city says the 2023 site development plan approved up to 471 apartment units and 12 townhomes north of East 1st Avenue, plus about 63,590 square feet of commercial space, including redevelopment of the former Safeway site as a market hall. Later phases could bring the full project to 643 housing units, as much as 187,000 square feet of commercial development and a 175-room hotel, according to the same page.