A land deal for a proposed 1.9-million-square-foot digital media and technology campus in Parker — touted by Gov. John Hickenlooper last summer as a potential stepping stone toward growing a “more mature film business” in Colorado — has fallen through.
Redbarre Cos., the Denver-based media and tech consulting firm behind the project, announced Friday it has given up on its plans to build its campus in the south metro town’s Compark Village subdivision after negotiations with the landowner deadlocked.
A media release issued on behalf of Redbarre did not provide details on what lead to the impasse but said the company, “remains fully committed to build in Colorado” and will peruse other land opportunities.
The release called the campus a billion-dollar project. When plans were first announced last August, Redbarre officials indicated it could create more than 4,000 full-time jobs.
Officials with the Compark Business Campus Metropolitan District did not immediately respond to requests for comment Friday. The district, which includes pieces of Parker and unincorporated Douglas County, is located north of E-470 and west of Chambers Road. American Furniture Warehouse operates a regional distribution center there.
Parker Mayor Mike Waid said he was not involved in the land-deal negotiations between the two sides but wishes they could have reached an agreement. Waid appeared at an event with Hickenlooper and Redbarre CEO Don Levy at the Capitol building in August touting the project’s potential.
“It’s disappointing when a project that would be so positive for our community has to end in a situation like this,” Waid said. “I very much hope that Parker is still in consideration.”
Despite announcing a setback for the project, Friday’s Redbarre news release ended on a forward-looking note.
“Groundbreaking for this campus, provided suitable and ideal land is found, is set for later this year,” it reads.
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