T
he Colorado Railroad Museum in Golden is expanding its footprint with two recent real estate purchases. The 65-year-old organization bought a single-family home on a half-acre lot next door to the existing museum for $740,000. Paul Hammond, executive director of the museum, said this was a fortunate opportunity and they plan to rent out the property.
The deals come after a $2.4 million land buy in January that Hammond described as a defensive move to stop development on adjacent land. The museum's current 15-acre site is not large enough for its plans, which include creating more indoor exhibits and experiences.
Hammond wants to create a welcome center with more exhibits and indoor activities, relocate the parking lot, expand the library, and renovate the roundhouse. The museum is in the midst of a 10-year plan to enhance visitor experience, which includes adding year-round space to tell the story of Colorado's railroad history.
The current layout features a rail line that loops around the property, with visitors riding trains and exploring locomotives and railcars. However, most exhibits are outdoors, including a model train display and a few indoor exhibits. The 5,000-square-foot library is running out of space, and Hammond plans to expand it.
The museum employs 16 full-time staff members and over 300 volunteers, with attendance likely at an all-time high this year. Hammond aims to provide a more comprehensive experience for visitors by creating a grander space that showcases Colorado's unique railroad history. A formalized vision for expansion is expected by early 2026.
realestate
Golden Railroad Museum Explores Expansion with Second Property Acquisition
Museum's recent art purchases valued at $2.4m and $740,000 differ in nature.
Read More - realestate
realestate
Bay Area Real Estate Executives Sentenced for $55 Million Scam
Tax evasion scheme ran from 2018-2022 using falsified income reports.
Read More - realestate
realestate
Kushner brother tapped for French diplomatic post
Charles Kushner, founder and chairman of Kushner Companies, tapped by Trump for US Ambassador to France.
Read More
realestate
Top Avon Homes Sales Reach New Heights November 18-24
Top sale: $650,000 Avon home leads pricey transactions last week.