Foothills Mall start delayed indefinitely

FORT COLLINS – The redevelopment of Foothills Mall in Fort Collins has been delayed for an indeterminate amount of time, according to a statement by Don Provost, founder of Alberta Development Partners, the mall’s owner.

“The start of construction has been delayed because we continue to work through the specifics of a very complex finance agreement with the City,” Provost said.

In May, Fort Collins City Council approved a $53 million public finance package for the project that included elements relating to the Youth Activity Center, the relocation of the Arc Thrift Store and the inclusion of an affordable housing component.

Discussions surrounding these details have been ongoing for nearly five months. Until they are finalized, no demolition or construction can occur on the 77-acre property.

The total price tag for the project, which includes both a residential and commercial component, is $312 million. The redeveloped mall was supposed to be open in time for the holiday season in 2014.

“We hope to complete it soon. Once the agreement is finalized we will be able to determine what a new timeline for start and completion will be. We look forward to bringing a reimagined Foothills Mall to Fort Collins very soon,” Provost said.

You have 2 free articles remaining this month.
Want to see more? Login or Subscribe.

Leave a Reply

Your email address will not be published.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


Social Network

Facebook Icon
Twitter Icon
LinkedIn Icon
©2016 BizWest The contents of this website are copyright BizWest Media, LLC. All rights reserved.
Use of any of this informatino or media on this site is strictly prohibited withotu express written consent.