Media and technology company Redbarre announced April 12 that it will not proceed with building a $1 billion digital media campus in Parker, citing “an impasse with the landowner.”

In a news release, Andy Boian, spokesman for Redbarre, said “Redbarre Companies, that has plans to build a billion-dollar high tech digital campus in Colorado, today released its commitment to build the campus in Compark in Parker, Colorado, due to an impasse with the landowner. To that end, Redbarre remains fully committed to build in Colorado, but will seek numerous other land opportunities provided to them from which to consider.”

Redbarre announced its plans for a site in northwest Parker, near E-470, with much fanfare in August 2017. The company held a news conference on the steps of the state Capitol in Denver, with Gov. John Hickenlooper and officials from Parker and Douglas County in attendance. Plans were to build a 68-acre, 1.9 million-square-foot digital media and technology campus in the Compark area. The plans included production studios, retail, office and hospitality spaces, and promised to bring nearly 4,000 jobs to the area.

In an interview with Colorado Community Media shortly after the announcement last summer, Redbarre Chief Executive Officer Don Levy said the project would be self-funded through private investors and they hoped to break ground in the third quarter of 2018.

Since then, no site plans have been submitted to the Town of Parker, although Redbarre has continued to promote the campus on their website, and as of February of this year had maintained they still intended to build the facility.

The news release issued April 12 states that Redbarre is searching for a suitable site to build the campus and hopes to break ground by the end of the year.

Matt Carlson, business recruitment manager for the Town of Parker, responded to the news in an email to Colorado Community Media.

“This is obviously disappointing news to the Town of Parker," he wrote. "However, it is a private matter between the parties and we remain hopeful they can work to a mutually beneficial solution.”