Mayfly Outdoors, which manufactures premium fly-fishing equipment and other outdoor products, has secured $1 million in Colorado Commercial Property Assessed Clean Energy financing to build its new headquarters in Montrose. This is the second ground-up construction project to use the C-PACE program, which encourages developers to build energy-efficient buildings by facilitating access to long-term, nonrecourse financing for up to 20 percent of their construction budget.
Designed by PHA Architecture, the 41,000-square-foot building will house office space as well as a new manufacturing facility, nearly doubling Mayfly’s current operations. The $7.5 million project is part of Colorado Outdoors project, a 164-acre outdoor-industry neighborhood under development along the Uncompahgre River. “It’s important for us to be energy efficient because we run very expensive, high-precision machines that utilize lots of electricity and compressed air,” said David Dragoo, Mayfly’s president. The company’s parts are aerospace grade, he said, which means they meet strict standards for quality and exactness. “To maintain these precise tolerances, we must tightly control ambient temperatures near 68 to 70 degrees. This can be challenging in a high-altitude, low-humidity environment with four distinct seasons.”
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