City of Longmont will talk Tuesday on taking Dillard’s

City officials in Longmont on Tuesday will discuss a plan to exercise eminent domain on the Dillard’s department store at Twin Peaks Mall as part of an $80 million redevelopment of the shopping center, according to the Boulder County Business Report.

City council members, acting as the Longmont Urban Renewal Authority, or LURA, will consider a recommendation from Brad Power, the city’s economic development director, to authorize the use of “eminent domain,” according to an agenda document posted on the city’s website. “Eminent domain” is a term used to describe a government’s legal right to take private property for public use after compensating a property owner.

“Staff and LURA legal counsel have determined that the prospect for a successful and timely resolution to the negotiations between (mall redeveloper) NewMark Merrill and Dillard’s is no longer feasible,” the agenda document said.

For more on the story, click here.


Leave a Reply

Connect with:

Your email address will not be published. Required fields are marked *

author email

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Social Network

Facebook Icon
Twitter Icon
LinkedIn Icon