Green Parking Facility Planned for Denver Internatiional

A new parking facility at the Denver International Airport (DIA) aims to be the greenest in the country.

Greenscape Capital Group Inc. (TSX VENTURE: GRN) will build, own and operate Green Park DIA through its subsidiary Green.Switch Capital Corp.

The 4,200-space facility is aiming for LEED gold certification and will include environmentally sensitive operating methods. Features will include alternatively fuelled shuttle vans, solar and wind energy sources, porous pavement, natural landscaping, and geothermal energy. Green Park DIA can also harness landfill produced methane gas, converting it to natural gas for facility energy needs.

Total capital required for the project is $18.6 million of which $16.3 million is for fixed
price development and construction costs with $2.3 million in place for
operating capital and future contingencies

By land size, DIA is the largest international airport in the United States and the third largest airport in the world. It is also the fifth busiest airport in the United States and the tenth busiest airport in the world in terms of passenger traffic. DIA is rapidly growing and now serves more than 51 million passengers annually. Future passenger growth and airport expansion is forecast.

Greenscape said the new parking will provide "showpiece green facility" as the company seeks to green third party parking operations, via energy retrofits, throughout North America.

Bryan Slusarchuk, Greenscape CEO, states, "This will be the world’s greenest parking facility, a world-class asset, at a world-class location. While this asset alone creates substantial potential upside for Greenscape shareholders via the project value and the targeted net income, it should be noted that this will also serve as a showpiece and as a model for future corporate expansion plans."

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