The Denver Business Journal has learned who the group that hopes to buy & re-develop the KMGH Studio location. It is developer Property Markets Group out of New York City. I have posted a little bit of the article below, plus a link--the link is behind a pay wall and may or may not allow you to view it. The article goes into depth about why KMGH needs a new studio facility.
>>>>>FROM: THE DENVER BUSINESS JOURNAL & American City Business Journals>>>>>
Denver7 KMGH-TV and its owner, Scripps Media Inc., hope to sell the television station's longtime home at the intersection of Speer Boulevard and Lincoln Street to a developer who plans to tear down the structure and build residential units.
But several locals want to see the building remain standing, and have filed a landmark-designation application to ensure that's the case.
So begins Denver's latest high-profile dispute over landmark designations, which prevent the demolition of historic buildings deemed worthy of preservation by city planners and City Council.
The primary building in question is an octagonal, five-story Brutalist tower that was completed in 1969 at 123 Speer Blvd. The property also includes a much less imposing, five-story connecting tower and a two-story studio, as well as a concrete plaza and surface parking lot. The 2.3-acre property is zoned for mixed-use development up to 12 stories.
In 2019, Denver7 began exploring a potential sale of the building, seeking to move into a space that more closely resembles the one- or two-story buildings favored by television stations today. Such a space would reduce operating costs, allow for more collaboration and better accommodate Denver7's more than 200 employees, vice president and general manager Dean Littleton said. With money from the sale, the station planned to find a new, centrally located home in Denver.
<<<<<FROM: THE DENVER BUSINESS JOURNAL & American City Business Journals >>>>>
(KMGH/KCDO Studios--- (Picture: RoadsideArchitecture.com / KMGH)
