The city of Denver is trying to solve a problem others could only dream of: how to allocate a surplus of $57-million for cultural projects that was raised in the 2007 Better Denver bond approval but never spent, writes the Denver Post.
Although there are few limits on how the money can be spent, one requirement is that it must go toward existing, city-owned facilities.
Eleven Denver cultural groups, including the Buffalo Bill Museum, the Denver Botanic Gardens, the Colorado Symphony Orchestra, the Museum of Nature and Science, and the National Western Complex, are among the institutions vying for a portion of the money.
To be eligible to receive the money, a nonprofit must be committed to raising funds that would match the city’s allocation. Proposals from nonprofits will be evaluated by a group of leaders representing local foundations, public works, corporations, and city government.
Five years ago voters approved a bond measure to support the Colorado Symphony Orchestra’s plans to make repairs to its concert hall. The symphony was unable to raise the required matching funds for the project, however, so the city is now free to use the money for other cultural endeavors.