The City and County of Denver approved a funding agreement to provide up to $45 million to the Denver Downtown Development Authority (DDDA) for the acquisition of the Denver Pavilions, a 354,407-square-foot retail complex. The funding, sourced from DDDA loans backed by Tax Increment Financing (TIF), is allocated for the $37 million purchase price and an additional $8 million for capital improvements, maintenance, and operating costs. The DDDA board approved the acquisition on September 30, 2025, as part of a broader strategy to revitalize the downtown area. The agreement's approval by the City Council on December 3, 2025, was conditioned on the successful closing of the DDDA loans, which is anticipated by December 19, 2025.