Riverwalk could gain TV production company

Dorsey Pictures plans relocation if it gets incentive package

Posted 8/26/18

An Emmy Award-winning production company could be relocating its corporate headquarters to the Riverwalk, located in downtown Castle Rock, and bring with it nearly 100 employees and newly created …

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Riverwalk could gain TV production company

Dorsey Pictures plans relocation if it gets incentive package

Posted

An Emmy Award-winning production company could be relocating its corporate headquarters to the Riverwalk, located in downtown Castle Rock, and bring with it nearly 100 employees and newly created jobs to the community.

Dorsey Pictures was founded in 2000 and is today headquartered in south Jefferson County. The company produces work such as reality show "Tiny House Big Living" and appears on networks like HGTV, Discovery Channel and National Geographic.

Dorsey has signed a five-year lease with the Riverwalk, which would be contingent on an incentive package it requested from the town.

The town council on Aug. 21 directed staff to draft an incentive agreement in response to Dorsey Pictures' request. The deal would be based on the number of relocated and created jobs Dorsey brings to Castle Rock and would be capped at $330,000.

The president and CEO of the Castle Rock Economic Development Council, Frank Gray, estimated Dorsey's economic impact to be $12 million in the first two years it operates in Castle Rock. Its lease also allows it to renew for an additional two, five-year terms.

The Riverwalk broke ground in June 2016 and promised to bring office, retail and residential space to Castle Rock's downtown core. Phase one should be completed this year and phase two by the end of 2019.

The co-founder and managing director of Dorsey Pictures, Amy Dorsey, said the Riverwalk development, its downtown location and the area's “electric vibe” was a key reason the company considered Castle Rock. They believe the area will be attractive to their employees, most of whom were recruited from Los Angeles or New York City.

“Ninety percent of our employees are millennials,” she said.

All employees on staff have committed to relocating with the company, Dorsey said.

The company agreed to create 10 to 15 positions if it moves to Castle Rock that Marcus Notheisen, vice president of the Economic Development Council, hopes would be good opportunities for existing town residents.

The EDC has long sought to recruit more primary employers to Castle Rock and chip away at the roughly 80 percent of town residents who leave Castle Rock each day for work.

Dorsey Pictures, whose employees earn an average salary of $81,358, qualifies as a primary employer, Notheisen said.

“They're a target industry based on their IT work,” Notheisen said.

Dorsey said the company has an extensive internship partnership with the University of Colorado at Boulder and is aware of plans to bring an Arapahoe Community College Collaboration Campus to Castle Rock.

“We'd love other opportunities,” she said.

Councilmembers were receptive to the request for an incentive package — Jess Loban called the plan straightforward thanks to the number of outside jobs it would bring to town.

“I think it's a great fit for downtown,” said Councilmember Jason Bower. “Pardon my urban slang, but it's a great vibe.”

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