Disagreement over tenant mix led to ACE withdrawal, Loveland officials say

LOVELAND – The withdrawal of the Aerospace and Clean Energy initiative from Loveland centered on a disagreement over how many small tenants or whether just a few large companies should fill the old Agilent Technologies plant, city officials said Friday.

Betsey Hale, the city’s economic development director, said tenants would have ended up paying too much to lease space under plans by the Colorado Association for Manufacturing and Technology to fill the plant with “hundreds of companies.”

“The business model of trying to re-tenant the property with multiple, potentially even hundreds of companies, and also have about 100,000 square feet of…