Foothills Mall owners, city reach tentative deal on incentives
“City Manager Darin Atteberry and owners of Foothills Mall have reached a tentative financing agreement clearing most major hurdles for redevelopment of the nearly 40-year-old shopping center in the heart of Midtown Fort Collins.
Atteberry on Friday amended Tuesday’s city council meeting agenda to include discussion of a financial package to aid the $300 million redevelopment of Foothills Mall proposed by owner Alberta Development Partners, doing business as Walton Foothills Holdings VI LLC. The size and scope of the city’s financial commitment will not be made public until Tuesday’s work session, Atteberry said.
Council is expected to vote on the package at a special meeting April 29.”
Ferrier, Pat. Coloradoan.com 19 April 2013.