Both the Cities of Delta and Paonia are designated as Opportunity Zones. An investor/developer willing to partner with each community will find a multi-year development agenda waiting.
Delta County’s downtowns offer contrasting opportunities. The City of Delta is a regional hub. Bounded by the Gunnison and Uncompahgre Rivers and as a backdrop the Grand Mesa Mountain range – the largest flat-topped mountain in the world. Paonia is equally as scenic, but definitely unique. Paonia has the feel of the old west with modern amenities and a growing business base. Its growth will fuel a need for new housing and new services. Both the City of Delta and Paonia are designated as Opportunity Zones.
City of Delta Vision
To serve as the Western Slope’s entrepreneurial talent and visitor hub attracting young households to live, work, and recreate. The City of Delta has over a dozen adaptive re-use projects positioned for investment in its opportunity zone. In addition, numerous infill developments, both commercial and residential, present themselves. Paonia is experienceing growth in upper-income households and has demand for quality workforce housing – both single and multi-family.
Why Invest in Downtown Delta?
When my husband and I moved to the City of Delta from Denver, we planned on starting a business. We ended up starting a business and buying one. The City of Delta is full of business opportunities.
Town of Paonia Vision
To offer a unique Western Slope lifestyle – organically growing strong neighborhoods, families, and sense of authentic community.
Why Invest in Downtown Paonia?
Paonia is a crossroads for people traveling North, South, East, and West. That is how my family discovered the town and then decided to move here. Housing and small business development will be the cornerstone of our growth.
OPPORTUNITY TYPE
Investor/Developer: The majority of the opportunities in the City of Delta and Paonia will be modest investments with relatively short development timelines. There are potential partnerships with the property owners that will be explored on a case by case basis. A developer with access to capital gains will be directed to development opportunities that can be packaged in reasonable time period.
KEY PARTIES
For the City of Delta and Town of Paonia it is recommended that an interested investor/developer or investor initiate contact with the respective city-town managers. Each public official will be able to direct an interested party to both real estate and business opportunities ensuring productive initial engagements.
ROI RANGE AND INITIAL CONDITIONS
The return on investment will vary. Real estate is appreciating at a healthy rate. Housing and build to suit commercial buildings should generate double digit returns over the life of the Opportunity Zone investment.
OTHER RELEVANT INFORMATION
There are many long-standing smaller businesses that will be in transition over the next 1-5 years. There will be an evolving
list of real estate and business investment opportunities for the well initiated in both downtown areas.
