The parkway begins at I-70, which is there concurrent with U.S. Highway 6 and U.S. Highway 40. At the interchange, CR 314 serves as a frontage road. Heading northward, the parkway abruptly turns left. After passing through several hills in a forested area, the road curves around again and heads northeastward, winding through hills. At the Clear Creek/Gilpin county line, the road turns northward, then northeastward, passing into a more heavily forested area. Through the drive, the road continues to wind between northward and westward before entering the vicinity of Central City, where it meets its terminus at Nevada Street. At the terminus, Nevada Street curves abruptly eastward, making both northward and eastward continuations at the intersection named as Nevada Street.
History
Limited-stakes gambling was approved by Colorado voters in 1990 in the towns of Central City, Black Hawk and Cripple Creek. Black Hawk lies a mile closer to the Denver area along State Highway 119, the primary route to the area from Interstate 70, spurring planning for a direct route to Central City from I-70 that began in 1993. In the mid-1990s, the city of Black Hawk backed a proposal for a state-funded widening of Highway 119 including a tunnel that would link to I-70 one mile closer to Denver than Central City's off-ramp. Central City continued with its plans for a south access highway despite the city of Black Hawk acquiring land in the path of the proposed road. The issue was brought before a Denver grand jury that decided Black Hawk officials had misspent taxpayer money. Central City then sued Black Hawk for $100 million; Black Hawk countersued. Prior to dropping the lawsuit, the road was funded by bonds with a 30-year tax levy on business property to pay for the road. Six months before the parkway opened, a report issued by gambling industry consultant Gaming & Resort Development predicted the road would be more beneficial to Black Hawk than to Central City. Central City's gaming revenues have substantially increased since the road's opening in November 2004 but have not reached industry and city projections. Since the Parkway's opening, three casinos in Central City have opened and two, under the same ownership, have closed. Century Casinos opened in July, 2006. Between I-70 and Central City, there is only one public exit road from the Central City Parkway: the Hidee Mine Road at mile 6.3. This road leads to the , which offers mine tours and gold panning, and is open to the public.
