2025 Market Facts VRP - Flipbook - Page 61
ECO NO MI C PRO FI L E & MA R K ET FACT S 2025 | 53
PROFILE
30,587
POPULATION
9.41
SQUARE MILES
BIZWEST FILE PHOTO
A Lafayette welcome sign.
LAFAYETTE
13,056
HOUSEHOLDS
Boulder County city
boosts its downtown
$110,431
MEDIAN HOUSEHOLD
INCOME
LAFAYETTE — Bolstered by voters’ solid approval of the formation of a downtown
development entity, Lafayette’s central core is getting some extra attention.
The measure passed last November replaced the Lafayette Urban Renewal Authority
with a Lafayette Downtown Development Authority. A complementary measure, Lafayette Ballot Question 6B, enshrined the new DDA’s ability to collect, retain and spend
money.
The town’s main street, South Public Road, is lined with locally owned shops and
restaurants, and plays host to annual festivals including the Quaker Oatmeal Festival, the
Summer Fun Fest, Peach Fest, Brew Fest and Home for the Holidays. Lafayette held a Juneteenth celebration for the first time in 2022 and designated all of June as Pride Month.
The Old Town Tomorrow Action Plan serves as the “plan of development” for the
Lafayette DDA, as required by the state statute. It was developed after extensive community outreach and is based on the city’s Comprehensive Plan and other adopted strategic
plans. This plan outlines guidelines for DDA-supported projects and initiatives.
Steered by a comprehensive plan that will help guide the city’s evolution through
2040, Lafayette remains committed to cementing its reputation as a honey of an affordable alternative.
Lafayette boasts a variety of single-family neighborhoods surrounded by parks, along
with a Hale Irwin-designed public golf course.
Its efforts to lure businesses from more expensive nearby venues also are paying off.
Medtronic, a medical-device maker with operations in Louisville and Boulder’s
Gunbarrel neighborhood, consolidated its local business into 400,000 square feet of new
office and laboratory space spread across two five-story buildings on a 42-acre tract in
southern Lafayette.
Another transplant to Lafayette was Gracon LLC, which builds and maintains the nation’s dams and hydroelectric power plants. Gracon moved its headquarters to Lafayette
from Loveland in 2018.
Its WOW! Children’s Museum provides a fun respite for families, and the new $5.5
million Lafayette Nature Center held a grand opening June 15.
Ride Free Lafayette, a free door-to-door bus service, was launched in 2020. The city
also created an active transportation map to illustrate bicycle and pedestrian routes
throughout the city.
Boulder Community Health’s Community Medical Center offers extensive health
care services in the city, and the sprawling, full-service Good Samaritan Hospital, owned
by Intermountain Health, has generated more development around it.
Class A office space often sought after by companies is available throughout the
city, including at the Creekside Offices at Old Laramie Trail. On the east side of the city,
Vista Business Park has space for industrial and flex office buildings. Lafayette’s 119acre Corporate Campus office park is home to some of its most well-known employers,
from Kaiser Permanente to Thermo Fisher Scientific Inc. Offices of Epsilon, Horizon
Discovery Group, Insight Photonic Solutions and Composite Technology Development
Inc. also are located in the city.
FOR SALE
OPEN
TAX
$883,895
MEDIAN HOME
SALE PRICE
905
NO. OF BUSINESSES
9.06%
CITY, COUNTY,
STATE SALES TAX
65.6%
BACHELOR’S DEGREE
OR HIGHER
ONLINE RESOURCES
Lafayette Chamber of Commerce
www.lafayettecolorado.com
Katey McNeil, executive director
director@lafayettecolorado.com
City of Lafayette
www.cityoflafayette.com
JD Mangat, mayor
jd.mangat@lafayetteco.gov
Kady Doelling, city administrator
kady.doelling@lafayetteco.gov
Isabella Nunez, senior project manager
Isabella.nunez@lafayetteco.gov
Brigid Keating, economic development director,
brigid.keating@lafayetteco.gov
