Education  February 8, 2019

CSU to sell Hughes Stadium site to home builder for $10M

By

FORT COLLINS — Colorado State University has agreed to sell the Hughes Stadium site to a home-building company for $10 million.

The Fort Collins Coloradoan reports that the CSU Board of Governors on Thursday selected Lennar Colorado LLC as the master developer for the 161-acre site, with Lennar paying $10 million for the property. The company intends to build 600 to 700 homes.

The purchase price represents a moving target and could go up or down based on the number of homes approved for the site by the city. The site formerly housed the CSU football stadium.

FORT COLLINS — Colorado State University has agreed to sell the Hughes Stadium site to a home-building company for $10 million.

The Fort Collins Coloradoan reports that the CSU Board of Governors on Thursday selected Lennar Colorado LLC as the master developer for the 161-acre site, with Lennar paying $10 million for the property. The company intends to build 600 to 700 homes.

The purchase price represents a moving target and could go up or down based on the number of homes approved for the site by the city. The site formerly housed the CSU football stadium.

…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: Education Fort Collins Industry News Morning Edition Real Estate & Construction Sunday Weekly
Sign up for BizWest Daily Alerts