Community Revitalization Tax Credit supports Fox Theatre Walsenburg

DENVER — Governor Polis and the Colorado Creative Industries division of the Colorado Office of Economic Development and International Trade (OEDIT) announced 10 recipients of the Community Revitalization Tax Credit (CRTC) on Thursday, June 26, 2025. The program supports creative-sector capital projects — studios, performance spaces, and arts education — that incorporate housing, childcare, retail, or other community uses.

Eligible applicants can receive tax credits of up to $3 million to cover up to 25% of eligible expenses. Recipients span Denver, Durango, Grand Junction, Salida, Walsenburg, and the Eastern Plains.

Spanish Peaks Community Foundation — Walsenburg — $333,750

Revitalization of the Fox Theatre, including masonry repairs, drainage improvements, fire-escape rehabilitation, HVAC replacement, new stage lighting, and a 400-amp, 3-phase electrical system. The theatre will host movies, concerts, live performances, educational workshops, and youth-led programming. The flexible use is designed to allow for community gatherings, private rentals, and continued operation as a downtown anchor.