Denver Mayor Mike Johnston announced Wednesday the city is acquiring the former Park Hill Golf Course in a land swap deal.

Denver will acquire the former Park Hill Golf Course in an unprecedented land swap deal that will give the city its fourth largest park, Mayor Mike Johnston said Wednesday. Why it matters: The move all but settles a longstanding fight between those who wanted development on the site and those wishing to keep it as open space.

A developer and Denver reach a deal to resolve the future of land at the heart of a controversial development proposal.

The future of the property has been unclear for years. In 2023, Denver voters rejected a ballot measure that would have allowed the land to be developed.

Sources say Denver is acquiring the former Park Hill Golf Course in a deal and plans to turn it into a park and open space.

Developers and open space advocates haven't agreed on how the 155 acres should be used, but a plan for the old golf course should be announced today.

CBS News Colorado has learned the City of Denver and the owner of the former Park Hill Golf Course property are attempting to wrap up a land swap agreement that would allow Denver to take back control of the controversial 155 acre property.

After years of controversy over Park Hill Golf Course, the vast piece of undeveloped land in northeast Denver is set to open to the public as a park this summer under the terms of a deal announced Wednesday by city officials.

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Mayor Mike Johnston said the 155-acre parcel is the city’s largest acquisition of a new park in more than 100 years.