We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
Sponsor Generated Content
The University of Colorado-Boulder is trying to find new takers for three buildings in the Grandview Terrace neighborhood. The 1920s-era bungalows were used by CU’s Institute of Behavioral Science, but now face the wrecking ball unless new owners willing and able to relocate the structures come forward.
CU is giving the buildings at 1220, 1243 and 1244 Grandview Ave. away, provided new owners can afford to relocate the buildings and will work with a company qualified to move old structures, spokesman Bronson Hilliard said.
“They can take them off our hands at no cost,” Hilliard said. “These are very nice bungalows, in terms of what they represent historically.”
CU does not want to spend the $2.2 million needed to refurbish the buildings and is generating ideas for what could be built in their place, Hilliard said.
“We don’t have any defined projects that would go in their spaces,” he said, adding that in the near term the land could be used for parking.
A request for proposals is available online at colorado.edu/facilitiesmanagement/pdc/construction/open.html. To be considered, the bid must come from a qualified general contractor. New owners will be selected by lottery, according to the RFP.
Bids must be received by Oct. 17, and the estimated contract award date is Oct. 29, according to the RFP.