At the August 12 City Council meeting, staff provided an update on the project. The update covered design milestones, schedule adjustments, cost validation efforts, and plans to move to the bond market at 30% construction documents in spring 2026.

Council discussed project costs, risk management, financing timing, and upcoming reviews of design and independent cost estimates.

Council then approved a motion to enter Executive Session to receive legal advice and provide direction related to potential property acquisition and negotiations. The motion passed unanimously, 7–0.

View the City Council Work Session here.

Thank you to everyone who joined us for our first-ever Telephone Town Hall focused on the West Greeley Project. We were thrilled to have more than 4,000 residents on the line, and we appreciate the thoughtful questions, feedback, and energy you brought to the conversation.

This new format allowed us to connect with the community in an easy, accessible way — and based on your feedback, it was a success. In fact, nearly 70% of participants reported that the event was informative and useful.

Audio Recordings

Couldn’t make it? You can now listen to a full recording of the town hall here:

• English Recording
• Spanish Recording

We received an overwhelming number of questions during the event. Our team is currently reviewing and categorizing all submissions and will be updating the FAQ page to reflect the top topics and concerns raised.

Town Hall Recording Correction: During the discussion, the year 2028 was mentioned in error in reference to revenue generation. The correct year is 2038.

Poll Results

We also asked a couple of polling questions during our town hall, and here are the results:

What are you most interested in learning about tonight?

1. How and why the City Council made this decision - 18%
2. The project’s potential (jobs, revenue, amenities) - 17%
3. How the project is being paid for - 40%
4. What infrastructure improvements are planned - 14%
5. What the petition would or would not change - 11%

What excites you most about the Catalyst project?

1. A hockey hub for Northern Colorado – supporting youth hockey and a new home for the Eagles - 13%
2. Fun, year-round spaces for families and friends to enjoy together - 31%
3. A lively destination that brings people together and celebrates - 21%
4. More opportunities for new jobs and local businesses - 23%
5. A transportation hub that connects Greeley to the surrounding community - 13%

The City of Greeley wants you to know the facts about the West Greeley Project, Catalyst, and Cascadia. This is your opportunity to ask our experts your questions and address your concerns live during our West Greeley Project Telephone Town Hall.

Register to get your direct phone call to join us on:
Wednesday, July 30th at 6:00 p.m.

To help residents make informed choices when deciding whether to sign the petition, here are important facts about the project and how it’s funded:

• The current plan avoids new taxes. The project is funded by revenue generated primarily within the West Greeley Project Areas, not from new taxes on Greeley residents. Like any long-term project, unexpected events such as an economic downturn could impact revenue.
• Certificates of Participation (COPs) are being used to fund early-stage design and infrastructure work. This is a commonly used municipal tool. The COPs will be repaid from the long-term bonds to be issued to finance construction.
• A nonprofit 501(c)(3) will issue those bonds to finance construction. The City is not the borrower.
• A General Improvement District (GID) will support infrastructure through a mill levy and special assessment applied only to properties within the development boundary.
• The City maintains a moral obligation to keep reserve funds whole if the project underperforms — but safeguards are in place to minimize this risk.
• By 2065, the project is projected to generate $360 million+ in net new revenue for the City.

View the FAQs.

On June 18, 2025, the City of Greeley received a notice of intent to circulate an initiative petition seeking to repeal Ordinance No. 15, 2025 which authorized Certificates of Participation (COPs) to fund early work on the West Greeley Entertainment District.

This petition was filed as an initiative, not a referendum.

The City intends to follow through with the legal and financial steps already authorized by Ordinance No. 15, 2025, including entering into lease-purchase agreements to finance pre-development activities unless otherwise directed by the City Council.

City Council Holds Public Hearing on West Greeley Project Financing

On Tuesday, May 6, the Greeley City Council held a public hearing and second reading of an ordinance related to financing pre-development services for key components of the West Greeley Project—including a new arena, ice center, hotel, and indoor water park.

Ordinance No. 15 also covers the associated public infrastructure improvements and authorizes the execution of a site lease, lease purchase agreement, and related documents as part of the West Greeley Certificates of Participation (Series 2025A).

📺 Watch the full council meeting:
City Council Meeting – May 6

📄 View the agenda, meeting notes, and packet:
Council Meeting Materials

At the April 15 City Council meeting, Council approved a Pre-Development Services Agreement with The Water Valley Company for the West Greeley Catalyst Project. The agreement supports early design and infrastructure work for a proposed arena, ice center, hotel, water park, and related public improvements.

The motion passed 5–2, with Councilmembers Butler and DeBoutez voting no. View the City Council Meeting here.

At the April 8 City Council meeting, Council approved a motion to enter Executive Session to receive legal advice and provide direction to negotiators regarding the Pre-Development Services Agreement with The Water Valley Company for the West Greeley Project. The motion passed unanimously, 7–0.

View the City Council Work Session here.