denvercityliving.com

The 2008 Democratic National Convention will deliver a sizeable impact on the City of Denver and the seven counties that encompass the greater metro area. While the main event will occur each night at the Pepsi Center in downtown Denver, hotel rooms, restaurants, entertainment venues and transportation throughout the region would be utilized to their highest potential for the duration of the week.
Denver is no stranger to hosting major national events and has a proven track record of playing both a successful and gracious host to major national events including World Youth Day in 1993 and the Summit of Eight in 1997.
In addition to the millions of dollars the Denver 2008 Convention Host Committee will pour into the local economy to prepare the city for the convention, an estimated 35,000 visitors will fill the region’s restaurants, hotels, downtown and entertainment venues. Without a doubt, the convention will provide the service and hospitality industry with a major boost. In 2004, Boston saw an economic benefit to the tune of $163.2 million and it is estimated that Denver will reap $150 -$200 million in economic benefits.
The convention will bring unprecedented media attention on the City of Denver. Of the tens of thousands of people that will travel to Denver for the week of the Democratic National Convention, some 15,000 of those would be members of the local, national and international media. During the week of the convention, radio, newspaper, and television stations alike will be dominated by the daily events and speeches at the convention.
Audiences from around the globe will tune in to watch the convention unfold and will also discover that Denver offers tremendous cultural diversity including first class art museums, eight professional sports teams, a first class aquarium and a lively, revitalized downtown. The impact of the media spotlight on Denver would be immeasurable, enabling Denver to showcase first hand the modern, culturally diverse and vibrant city it has become. Denver will, once and for all, establish its rightful place as a major, metropolitan American city.

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Denver barely squeezed by as the No.1 ranked in a national report on home prices. The closely watched S&P Case-Shiller Home Price Indices showed that Denver-area homes gained +0.3 percent in value from July to August.

Maitland noted that Denver real estate stumbled earlier than most cities in the country and in recent years didn’t go through the double digit price appreciation experienced by other formerly hot markets on the coast and in places like Las Vegas and Phoenix.

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