FOR IMMEDIATE RELEASE: May 19, 2003	CONTACTS: CL Harmer 303-880-7468 Ron Bernstein MOEDIT 720-913-1621
Mayor Webb Announces Nobel/Sysco $40 million + Expansion 800 Jobs Saved with Opportunity for 200 More
Mayor Wellington E. Webb announced today that Nobel/Sysco Food Services Company is investing over $40 million to move and expand it's Denver operations to the former Stapleton Airport, keeping 800 current jobs in Denver with plans for 200 more. The company expects to occupy 500,000 square feet of office and distribution space on 50 acres north of I-70 at Stapleton by 4th quarter of 2004. "Nobel/Sysco's investment saves 800 jobs in Denver with the opportunity to grow 200 more," said Mayor Webb, noting that Nobel/Sysco had opportunities to relocate elsewhere. "This deal demonstrates Denver's long-term economic strength." "We are very pleased we were able to find a suitable site with Forest City at Stapleton." said Chris DeWitt, President and CEO, Nobel/Sysco Food Services Corporation. "The Mayor's team has been instrumental in this effort and we look forward to working closely with the City during our move." "Stapleton's regional highway access, its close proximity to Downtown Denver and Denver International Airport and its wonderful mix of housing affordable to a range of incomes clearly were among the considerations that played a significant role in Nobel/Sysco's decision," said John Lehigh, chief operating officer for master developer Forest City Stapleton. "We were pleased to be on the team with Mayor Webb and The Mayor's Office of Economic Development and International Trade that provided Nobel/Sysco with this tremendous opportunity to remain in Denver and become part of a mixed use community that is winning recognition across the nation and around the world." "This is a great opportunity to keep a Denver institution in this City while enhancing Stapleton redevelopment," said City Councilman Ed Thomas, who chairs the Special Projects Committee that oversees Stapleton redevelopment. "This success is the result of extraordinary efforts between Mayor Webb, the Mayor's Office of Economic Development and International Trade and Forest City to encourage an existing company to remain and grow in Denver," stated Ron Bernstein, Director of the Mayor's office of Economic Development and International Trade. "In a time where cities and states are in direct competition for relocating businesses, this retention effort shows Denver is a smart business decision." The Mayor's Office of Economic Development and International Trade will continue working closely with NOBEL/SYSCO to assist them with their transition into a new facility and will also be focusing on the redevelopment of the current facility at Pecos and West 48th Ave. About Nobel/Sysco Nobel/Sysco Food Service Company is a wholly owned subsidiary of The Sysco Corporation and is the largest food service distributor in the Rocky Mountain area. The Sysco Corporation serves an overall market of approximately $200 billion; Sysco operates from 142 locations across North America, supplying 415,000 customers. www.nobelsysco.com About Stapleton When fully developed in twenty years, Stapleton is projected to have 13 million square feet of commercial uses and 12,000 homes and apartments, all of which will be enhanced by more than 1,100 acres of new parks and open space. In June of 2002, Mayor Webb opened the Quebec Square Regional Retail Center at Stapleton and welcomed the first homebuyer to a neighborhood where nearly 500 homes are now occupied and another 200 homes are under construction. In August of this year, The Denver Public Schools will open a campus shared by one of its elementary schools and The Odyssey School, a DPS charter school. Stapleton has won recognition from The Stockholm Partnership For Sustainable Communities, the U.S. Conference of Mayors, and The National League of Cities. About Forest City Forest City Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) is a $4.9 billion NYSE-listed real estate company headquartered in Cleveland, Ohio. The Company is principally engaged in the ownership, development, acquisition and management of commercial and residential real estate throughout the United States. The Company's portfolio includes interests in retail centers, apartment communities, office buildings and hotels in 20 states and the District of Columbia. More information about the redevelopment of Stapleton is available on the web at www.StapletonDenver.com or www.fceinc.com