Almost two years after voters rejected a measure that would have cleared the way for new development on Denver’s defunct Park Hill Golf Course, city officials have confirmed that discussions are underway for a potential land swap that would return ownership of the 155-acre property back to the city.

Mayor Mike Johnston told reporters at a recent media roundtable meeting on Jan. 6 that the city is in negotiations with the property owner, and things are “moving quickly.”

“We’re optimistic we will have some news to share for the end of the month,” Johnston said. “And do we have a sense of what the future of that land would be? That’s what we’re working on right now.”

Westside Investment Partners purchased the property in 2019 for approximately $24 million with hopes of convincing the city to lift a conservation easement placed on the property, enabling plans for a major mixed-use development project.

According to city documents, Park Hills Golf Course is covered by a city-held conservation easement that requires the property to be used, maintained, and operated as a regulation-length 18-hole daily fee golf course.

Voter approval is required for extinguishment of the easement and the construction of commercial or residential buildings.

Voters rejected the idea in 2023.

The property was closed and padlocked.

Denver Assessor’s records list the value of the property at $5.8 million.

The Denver Gazette reached out to Westside Investments Founder and Managing Principal Andy Klein for comment, but a response has not been returned.

Klein, who did speak with CBS Denver, said talks were underway that could see an exchange of the golf course for property at or near Denver International Airport.

While Johnston was hesitant to provide much detail about what may be in store for the property, he said, “We’re very excited about the process.”