AURORA, CO/PRNewswire/ -- Developer Forest City Science + Technology Group has broken ground at the Colorado Science + Technology Park at Fitzsimons, (top right photo) a 184-acre business park dedicated to life science focused companies, by demolishing the old Fitzsimons smokestack to make way for new, state-of-the-art scientific facilities.Plans call for Forest City's first life science building that will accommodate the growth of the region's existing life science industry as well as existing incubator tenants on site.
In addition, a Hyatt Place hotel and conference facility and an approximately 175,000 square-foot office building for University Physicians, Inc. will be developed.
The Fitzsimons Federal Credit Union will also break ground soon on a new facility.
In addition, Aurora Mayor Ed Tauer (top left photo) unveiled an 
updated economic study predicting $3.5 billion in annual economic output in 2008 and up to $4.5 billion in annual economic impact by 2013 from the former Fitzsimons Army Medical Center, which now includes the Park, the Anschutz Medical Campus, The Children's Hospital and Research Center, and the future Veterans Affairs Hospital.
updated economic study predicting $3.5 billion in annual economic output in 2008 and up to $4.5 billion in annual economic impact by 2013 from the former Fitzsimons Army Medical Center, which now includes the Park, the Anschutz Medical Campus, The Children's Hospital and Research Center, and the future Veterans Affairs Hospital."The build-out of the Colorado Science + Technology Park at Fitzsimons is an important part of a grand vision to bring science and business together in one square mile that is fast becoming one of the most a
dvanced life science communities in the world," said Tauer.
dvanced life science communities in the world," said Tauer. "According to our latest economic study, developments at Fitzsimons and the Anschutz Medical Campus will yield 20,000 on-site jobs by 2013 and more than 43,000 on-site jobs when fully developed."
At full development, the 578-acre land parcel is projected to generate statewide totals of $1
1.5 billion in economic production, $4.3 billion in annual personal income, and nearly 100,000 jobs, according to the study prepared for the Fitzsimons Redevelopment Authority by Sammons/Dutton LLC.
1.5 billion in economic production, $4.3 billion in annual personal income, and nearly 100,000 jobs, according to the study prepared for the Fitzsimons Redevelopment Authority by Sammons/Dutton LLC. The statewide figures include multipliers that account for ancillary commerce, employment and tourism that will be created throughout Colorado as a result of work originating from this life science campus.
The area is expected to reach full development between 2033 and 2038.
"We're inspired by the incredible concentration of brainpower and the important partnerships that will be possible between academia and private industry as companies locate to the Colorado Science + Techn
ology Park at Fitzsimons," said University of Colorado President Bruce Benson (middle right photo) , who also spoke at the groundbreaking event.
ology Park at Fitzsimons," said University of Colorado President Bruce Benson (middle right photo) , who also spoke at the groundbreaking event."Forest City is proud to be part of a project that will so thoroughly transform the community through jobs and the economic and quality-of-life benefits that the park promises," said Forest City's Jim Chrisman. (bottom left photo)
CONTACT:
CONTACT: Claire Fisher, Forest City 303-382-1800 or Jill Farnham, Fitzsimons Redevelopment Authority 720-859-4105
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