Arc agrees to leave Foothills Mall

After months of uncertainty over its fate, the Arc Thrift Store has reached a deal to move out of the Foothills Mall, it was announced Thursday.

“We are excited to announce that we have worked out a mutually beneficial agreement that maintains Arc’s presence in Fort Collins,” Don Provost, a principal in the firm planning a multimillion-dollar rehabilitation of the mall, said in an emailed statement.

“We are still working with them to secure an alternative location but I think we can all agree that this is wonderful news for the entire community,” he said.

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Arc President and CEO Lloyd Lewis told the Coloradoan newspaper that Alberta Development Partners agreed to help with relocation costs.

Alberta wants to move the 30,000-square-foot store out of the mall because, it has said, it doesn’t fit in with plans for a higher-end shopping center.

The company has yet to reach an accord with another retailer it would like to see go: Sears. Their impasse has raised the possibility that the city will evoke eminent domain.