Developer to Pay $5M for Denver Health Lot as Council Approves Loan Transfer - BusinessDen

City approves loan transfer for property in neighborhood eyed for Broncos stadium

The move transfers a loan for an affordable housing project in an area where the Denver Broncos appear to be acquiring property for a new stadium.

Developer to pay $5M for Denver Health lot as council approves loan transfer - BusinessDen

The Denver Health parking lot at 155 W. Fifth Ave. in Denver on July 22, 2025. (Hayden Kim/BusinessDen) A deal between Denver Health and a local developer could close in mid-August after the Denver City Council transferred public funds for a planned income-restricted housing project. An LLC tied to developer Jeff Shanahan of Shanahan Development is under contract to pay $5 million for the 155 W. Fifth Ave. property, Denver Health spokeswoman Jac…