Firestone Central Park Comprehensive Feasibility study

The PC team partnered with the Town of Firestone, Colorado to conduct a comprehensive feasibility study for the Central Park development. Since its acquisition in 2005, Central Park has grown into the civic heart of Firestone, housing the Library, Police Department, and Town Hall. The Town is establishing a Tax Increment Financing (TIF) district over Central Park to collect future taxes generated by the park to pay off its construction/development debts. Building on the community-driven vision established in the 2021 Central Park Conceptual Master Plan, PC’s work focused on determining the financial viability, sustainability, and long-term community value of transforming the Park into a premier destination.

To achieve this, PC conducted a detailed assessment of the regional market, demographics, and environmental conditions to identify opportunities, risks, and implementation strategies. At full operation, Central Park is expected to support up to 1,402 new jobs and nearly $53 million in annual earnings, while contributing over $136 million in new economic output. The construction phase also delivers major short-term benefits. Based on an estimated $422 million in capital investment over six years, the project could generate up to 1,600 short-term jobs in the area and $368 million in total economic activity. Our work will provide Firestone with a fact-based foundation to demonstrate to funders, stakeholders, and residents that Central Park can deliver lasting socioeconomic benefits. The final report was presented to the Firestone Board of Trustees on November 19, 2025.

Read the report here: