Foothills mall sales tax returns falling short of projections
With developers still working to lease all of the space available at the redeveloped Foothills mall in Fort Collins, the city’s sales tax revenue is taking a hit.
The Coloradoan reports that city officials are expecting to collect only about half of the $8.6 million in sales tax revenue they’d projected for Foothills this year. That’s in part because only 63 percent of the mall’s retail space is leased, though developers expect to be at 80 percent with in a year, the paper notes.
The city of Fort Collins contributed $53 million to the $313 million redevelopment project, the first phase of which opened about a year ago.
With developers still working to lease all of the space available at the redeveloped Foothills mall in Fort Collins, the city’s sales tax revenue is taking a hit.
The Coloradoan reports that city officials are expecting to collect only about half of the $8.6 million in sales tax revenue they’d projected for Foothills this year. That’s in part because only 63 percent of the mall’s retail space is leased, though developers expect to be at 80 percent with in a year, the paper notes.
The city of Fort Collins contributed $53 million to the $313…
This article has been intentionally blurred.
You must purchase a subscription to view the rest of this content.
Want to See More!?
OR
Start your subscription to BizWest, The Business Journal of the Boulder Valley and Northern Colorado, TODAY!
Online access PLUS print versions of all Bizwest publications
40% Off Annual Membership
Now Only $65 (Normally $108)
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.
Online access for one year.
40% Off Annual Membership
Now Only $65 (Normally $108)
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year access to daily email newsletter & breaking news alerts.
Online access PLUS print versions of all Bizwest publications
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.
Online access for one year.
One month subscription includes:
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year access to daily email newsletter & breaking news alerts.
Online and print versions of all Bizwest publications PLUS premium access to BizWest Datastore for one year.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to unlimited downloads from the BizWest Datastore!
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One year subscription includes:
- 1-year online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-year subscription to BizWest & all of the publications in print version.
- 1-year premium online access to the Breaking Ground website!
- 1-year access to daily email newsletter & breaking news alerts.
Premium access to the BreakingGround site plus online and print versions of all BizWest publications.
One month subscription includes:
- 1-year premium online access to the Breaking Ground website!
- 1-month online access to BizWest.com which includes unlimited news stories, archived story access and interactive versions of monthly business journal.
- 1-month subscription to BizWest & all of the publications in print version.
- 1-year access to daily email newsletter & breaking news alerts.