Divided Loveland council OKs money for ArtSpace project
LOVELAND – Nonprofit developer Artspace Properties on Tuesday won approval of a $230,000 city appropriation to keep the redevelopment of Loveland’s historic Feed and Grain building on track, but City Council members were stunned by what they heard about what the residential rents would be.
Acting as the Loveland Urban Renewal Authority, council members voted 5-4 to pass the appropriation on first reading after sharply criticizing projected rents of $1,800 to $2,000 a month for the project’s one- and two-bedroom units. The apartments had been billed as “affordable housing” to serve as “live-work spaces for the creative sector” for households making…
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