City closes on $40M purchase of Boulder Community Health campus

The city of Boulder announced late Friday afternoon that it has formally closed on the $40 million purchase of the Boulder Community Health campus at 1100 Balsam Ave.

The 8.8-acre site lies at the southwest corner of Balsam and Broadway. BCH last year moved the bulk of its facilities to its Foothills campus on the east side of town.

The city’s purchase includes the main hospital site at 1100 Balsam, as well as a pair of properties on Alpine Street and two on North Street.

BCH will continue to lease back the site until Dec. 4, 2017 unless the hospital decides to vacate it…