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A new behavioral health hospital along the E-470 corridor will bring 170 jobs to Douglas County.
County officials approved a tax-incentive package worth more than $233,000 to help convince Denver Springs to build a 75,000-square-foot hospital in the Compark Business Park. It's the latest piece in an area that's becoming known as the "medical mile," a stretch of E-470 that includes manufacturers of medical devices, Parker Adventist Hospital and the osteopathic college, Rocky Vista University.
Under the terms of the deal, approved recently by the Board of Douglas County Commissioners, Denver Springs will receive a business-personal property tax incentive that will cover 100 percent of all business personal property taxes for 10 years. The estimated total rebate the hospital will receive is $128,133. The commissioners also approved a fee waiver request of $105,000 for the permitting and review process for the hospital.
Commissioner Jill Repella said the county wants to attract primary employers and looks at the types of jobs and the salaries when an incentive request is made. With the jobs and revenue that such a project will generate, approving the incentive package was a "no-brainer," she said.
Douglas County is not giving a tax subsidy, but rather made a decision to not collect fees and business-personal property tax.
"We've been creating a business-friendly climate for a while," Repella said.
The 96-bed behavioral health hospital is expected to open in 2016. In addition to basic mental health and addiction treatments, Denver Springs will offer innovative approaches such as stress management, sleep enhancement, art and music therapy, yoga and relaxation therapy, and nutritional counseling.
"Our research indicates that there is a critical need for more inpatient behavioral services in this market," said W. Earl Reed, III, CEO of Springstone, LLC., in a statement. "We look forward to working with the Denver healthcare community to provide quality, evidenced-based inpatient and outpatient behavioral and addiction services from our beautiful new state of the art campus.”
Denver Springs’ parent company, Springstone Behavioral Health, is based in Louisville, Ky. and has hospitals in 14 states.
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