Dillard’s $6.3 million appraisal tops city’s
“An appraisal conducted by Dillard’s Inc. said the department store chain’s land and store at the Twin Peaks Mall in Longmont is worth $6.3 million, close to double the amount of the $3.03 million appraisal commissioned by the city of Longmont in November 2012.
The 94,000-square-foot store and seven acres of land, and what it is worth, stand in the way of a planned $80 million to $85 million redevelopment of Twin Peaks Mall that will be renamed Village at the Peaks.
Longmont city officials offered to purchase the Dillard’s property for $3.6 million earlier this year, but Dillard’s requested $5 million.”
Potter, Beth. Boulder County Business REport 9 October 2013.