Bill Mosher didn’t want the Downtown Development Authority to buy Denver Pavilions.
But he felt it had to.
So, last month, the city’s chief projects officer stood with Denver Mayor Mike Johnston and DDA board members as they announced the quasi-governmental entity would pay $37 million for the struggling downtown mall.
“Our last role is to be a landlord and particularly a long-term landlord,” Mosher told BusinessDen the next morning. “We do not take this acquisition lightly. It’s not what we wanted to do.”
The deal for the mall, in the works since the spring, banks on finding a way to unify it with two adjacent parking lots, which missed out on Denver’s decade-long development boom. It envisions the mall itself shifting to meet the needs of a growth in downtown residents that the DDA i