Transfer Warehouse UPDATES
Update: OCTOBER 2026
After more than a year of discussions and efforts to find a sustainable path forward for the Transfer Warehouse, the Telluride Arts Board decided to formally offer to convey the historic property to the Town of Telluride.
Earlier this year, Telluride Arts proposed a new partnership model where the Town would own the building while Telluride Arts continued fundraising for a phased buildout and supported the opening and activation of the space, as an open-air concept, through arts and cultural programming. The goal was to create a more practical and financially sustainable path toward bringing this extraordinary community asset to life.
Unfortunately, the Town did not accept that proposal. The existing development approvals still require the full-scale multi-floor renovation that is no longer financially feasible within the required timeline. Without modifications to those requirements, Telluride Arts has no viable path to complete or open the building under the current approvals. While this is not the outcome we had envisioned, we remain hopeful that a workable solution will emerge and that the Transfer Warehouse will ultimately fulfill its promise as a vibrant cultural and community gathering place.
We are proud of what we accomplished during our stewardship of this remarkable historic building. Thanks to the generosity and vision of our donors, partners, artists, and the community, we invested more than $9 million in preserving, stabilizing, and activating the Transfer Warehouse. This included extensive structural stabilization and preservation work that helped secure the building and protect an important piece of Telluride's architectural heritage for future generations. None of this would have been possible without the extraordinary support of our community.
As Telluride Arts celebrates its 55th year, this transition also provides an important opportunity to refocus our energy and resources on the mission that has guided the organization since its founding: supporting artists, creating opportunities to experience art, strengthening our creative community, and connecting people through the arts.
That work is already flourishing. We have expanded free public programming, strengthened community and regional partnerships, increased direct funding and opportunities for artists, and launched new exhibitions, public art, creative placemaking initiatives, and welcoming spaces for creative expression and community connection.
We remain grateful to everyone who believed in the vision for the Transfer Warehouse and helped us care for this extraordinary place. Telluride Arts remains committed to a positive future for the building and open to working collaboratively toward a solution that serves the community.
We look forward to keeping our community informed as the next chapter unfolds, while continuing to champion the artists, creativity, and cultural experiences that have been at the heart of Telluride Arts for 55 years.
Understanding the PUD (Planned Unit Development)
The Transfer Warehouse is governed by a Development Agreement and Planned Unit Development (PUD), which originally required the building to be fully completed as a renovated, enclosed, multi-level cultural facility before it could be occupied and used.
This structure assumed that:
A full buildout would be completed through large-scale capital fundraising
Activation would happen only after that full redevelopment was achieved
Over time, however, two major realities shifted:
Significant structural stabilization was required, fundamentally changing the scope and cost of the project
Economic conditions evolved, making the original multi-million-dollar fundraising model increasingly unrealistic as a prerequisite to opening
As a result, the original PUD framework with additional amendments, has contributed to prolonged inactivity of the building.
Where things stand
The Transfer Warehouse has undergone significant costly and unanticipated structural stabilization and is now in a much safer and more secure condition. While the building is not yet fully built out, it is at an important turning point: it is now physically stable, but the path originally envisioned for its completion is no longer feasible. Read the financials here.
At the direction of Town leadership, Telluride Arts submitted an initial new model partnership in January 2026, followed by a revised framework in May 2026 after receiving feedback from the Town.
Please see full July 2026 update below.
UPDATE: SUMMER 2026
Telluride Arts remains committed to seeing the historic Transfer Warehouse become an active, welcoming space that serves artists, nonprofits, residents, and visitors for generations to come. We believe this remarkable building belongs at the heart of our community and are committed to acting with transparency as we work toward the best possible outcome.
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Since assuming stewardship of the Transfer Warehouse in 2018, Telluride Arts has invested more than $9 million to stabilize, preserve, and protect this irreplaceable historic structure. What was once at risk is now significantly safer, structurally stabilized, and positioned for its next chapter.
While we are proud of this work, the realities of completing the project changed dramatically. Structural conditions proved far more extensive than anticipated, construction costs increased substantially, a global pandemic occurred, and the original redevelopment model—which envisioned a fully enclosed, multi-level cultural center completed through large-scale fundraising before opening—became increasingly difficult to achieve.
After careful evaluation, the Board concluded that continuing to pursue the original approach was no longer consistent with its fiduciary responsibility or Telluride Arts' core mission of supporting artists and serving the community. This led to a new partnership model proposed to the Town of Telluride.
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Rather than waiting years for a fully completed redevelopment, Telluride Arts proposed to the Town of Telluride a new model built around one simple idea:
Open the Warehouse first. Improve it over time.
We believe a historic community asset creates its greatest value when it is being used, not when it sits waiting for an uncertain capital campaign.
Telluride Arts proposed new framework would have:
Conveyed the Warehouse asset back to the town, with Telluride Arts as operations manager similar to other models in Telluride where the town owns the asset and a nonprofit is a managing entity.
Activated the Warehouse with modest, code-compliant improvements paid for by Telluride Arts rather than requiring complete redevelopment before opening.
Created immediate opportunities for artists, exhibitions, educational programming, civic gatherings, nonprofit events, and community celebrations.
Allowed earned revenue from rentals and events to help support ongoing operations while future improvements were completed in phases.
Expanded access by providing affordable, flexible space that complements, not competes with, existing cultural organizations.
Matched future investments to demonstrate community use, partnerships, and available funding rather than relying on speculative fundraising.
Although that partnership model did not ultimately move forward, we continue to believe it represented a practical, financially responsible path toward activating the Warehouse for public benefit as quickly as possible.
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The current Planned Unit Development (PUD) framework includes a timeline that extends through November 2027. As that deadline approaches, the Board believed it had a responsibility to pursue a realistic path that would preserve the significant public and philanthropic investment already made, avoid continued inactivity, and maximize the likelihood that the Warehouse ultimately fulfills its intended purpose as a community cultural asset.
Waiting for another large-scale capital campaign before opening the building was no longer a realistic or responsible strategy. Instead, our focus shifted to finding a solution that would allow the Warehouse to begin serving the community sooner while preserving flexibility for future improvements.
As the Colorado Historical Foundation recently noted, "We believe the building's walls are in great condition now because of the owner's care and investment, and that it is poised to support a variety of future uses."
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In June 2026, the Telluride Arts Board formally offered to reconvey the Transfer Warehouse to the Town of Telluride through a cooperative process, recognizing that long-term public ownership may provide the best opportunity for the building to achieve its intended community purpose.
The Town has since responded with a different legal interpretation of the parties' obligations under the governing agreements, and those matters are currently being addressed through legal counsel.
While those discussions continue, Telluride Arts remains committed to working respectfully and in good faith toward a resolution that honors the extraordinary investment made by donors, grantors, volunteers, and the community over the past decade.
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Regardless of the ultimate ownership or governance structure, our commitment remains unchanged:
Preserve this historic landmark.
Honor the community's investment and the generosity of our supporters.
Support artists, nonprofits, and community partners.
Advocate for meaningful public access and activation.
Continue working collaboratively toward the earliest realistic opening of the Transfer Warehouse.
Update: January 2026
Why We Are Pivoting
Rather than continuing to pursue a model that has delayed activation, Telluride Arts has proposed a different model:
Open the Warehouse first, then improve it over time.
This shift is not about stepping away from the intent of the PUD — it is about fulfilling its core goal (public benefit and community use) in a way that is achievable today.
Our revised proposal addresses this gap directly by:
Decoupling activation from full original redevelopment plans
Prioritizing safe, permitted, near-term use
Allowing the building to evolve based on real community demand and available funding
This structure assumed that:
A full buildout would be completed through large-scale capital fundraising
Activation would happen only after that full redevelopment was achieved
Over time, however, two major realities shifted:
Significant structural stabilization was required, fundamentally changing the scope and cost of the project
Economic conditions evolved, making the original multi-million-dollar fundraising model increasingly unrealistic as a prerequisite to opening
As a result, the original PUD framework, while well intentioned, has contributed to prolonged inactivity of the building.
A Practical Path Forward
The proposed “open-first” model would allow the Warehouse to reopen in a limited, functional capacity with modest improvements, such as:
A stable, usable floor
Controlled access points
Basic infrastructure for safe occupancy
From there, the space could support:
Artist programming and exhibitions
Civic and nonprofit use
Educational and community events
Small-scale private events that help sustain operations
This approach:
Reduces financial risk
Avoids further delays
Creates immediate community benefit
Allows growth to happen organically over time
Partnership with the Town
The current new model proposed is based on a collaboration:
The Town of Telluride retains ownership and long-term capital responsibility
Telluride Arts serves as the operating and programming partner
This structure aligns with other successful local models and allows for:
Clear roles and accountability
Shared investment over time
Flexibility as the project evolves
At the same time, the Town is taking a thoughtful and measured approach as it evaluates next steps.
Community Energy Is Already Building
What Happens Next
We are currently in active dialogue with the Town to determine the best path forward.
Possible next steps include:
A partnership model that allows for near-term activation
A transition of ownership, potentially followed by an RFP process
Another path that ensures long-term community benefit
Our goal remains consistent:
to ensure the Warehouse serves the community in a way that is realistic, sustainable, and impactful.
Our Commitment
Telluride Arts is proud of the role we have played in stabilizing and stewarding this historic building.
Regardless of the final outcome, our mission continues:
Supporting local artists directly
Activating public spaces
Creating opportunities for connection
We will continue to share updates openly and welcome community input as this process evolves. Please email info@telluridearts.org for more information.
Transfer Warehouse Timeline
Current (2026)
Telluride Arts and the Town are in active dialogue to determine the most viable path forward. Potential outcomes include:
A new model for near-term activation
A transition of ownership
A potential future RFP process
The shared goal remains clear:
To bring the Transfer Warehouse into active, meaningful community use in a way that is financially responsible, achievable, and sustainable over time.
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Revised Proposal Submitted
Updated partnership framework
Aligns with Town models
Focus on shared responsibility + achievable activation
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Town Feedback
Council reviews initial proposal
Requests more balanced risk + responsibility
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Initial Proposal
Introduced “open-first” activation concept
Shift away from full buildout before use
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Building Stabilized
Major milestone achieved
significant structural stabilization
Structure safe + secure condition, full build-out depends on final use
Activation becomes possible
Preliminary estimates suggest that completing the Warehouse as an open-air venue (without a roof) could range from approximately $8–10 million, while a fully enclosed venue with a roof could exceed $17 million.These figures are very high-level and subject to significant change, as they are based on early assumptions and not on completed schematic designs.
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Structural Reality Shift
Significant stabilization required
Project costs + scope increase
Original buildout model becomes less feasible
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Build-First Planning Phase
Full redevelopment required before use
Dependent on large-scale fundraising
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Acquisition + PUD Established
Telluride Arts acquires the building
Colorado Historical Foundation Preservation of Easement established
Development Agreement + PUD require full renovation before occupancy

