Arc agrees to leave Foothills Mall
“We are excited to announce that we have worked out a mutually beneficial agreement that maintains Arc’s presence in Fort Collins,” Don Provost, a principal in the firm planning a multimillion-dollar rehabilitation of the mall, said in an emailed statement.
“We are still working with them to secure an alternative location but I think we can all agree that this is wonderful news for the entire community,” he said.
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Arc President and CEO Lloyd Lewis told the Coloradoan newspaper that Alberta Development Partners agreed to help with relocation costs.
Alberta wants to move the 30,000-square-foot store out of the mall because, it has said, it doesn’t fit in with plans for a higher-end shopping center.
The company has yet to reach an accord with another retailer it would like to see go: Sears. Their impasse has raised the possibility that the city will evoke eminent domain.
“We are excited to announce that we have worked out a mutually beneficial agreement that maintains Arc’s presence in Fort Collins,” Don Provost, a principal in the firm planning a multimillion-dollar rehabilitation of the mall, said in an emailed statement.
“We are still working with them to secure an alternative location but I think we can all agree that this is wonderful news for the entire community,” he said.
Arc President and CEO Lloyd Lewis told the…
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