Board to set initial price for Dillard’s next month

LONGMONT — The preliminary price of the Dillard’s department store in Longmont is expected to be decided by a three-person board in a court hearing expected to be held Dec. 11-13.

The process for determining the preliminary price in the eminent-domain case is a “unique situation,” said Leslie Fields, an attorney for Dillard’s Inc. (NYSE: DDS). Fields spoke Thursday, Oct. 31, in a court hearing to confirm the three-person board.

The board is expected to set the preliminary legal value so that the store’s title can be transferred to the Longmont Urban Renewal Authority and an $80 million redevelopment project can start…