Former Agilent plant still seeking tenants
Kentucky-based Cumberland & Western paid cash for 177 acres of the 300-acre property last December. The idea: redevelop the 811,000-square-foot plant there, known as the Rocky Mountain Center for Innovation and Technology, with three or four anchor tenants, including their suppliers, and multiple mid-sized companies.
Loveland officials such as Mayor Cecil Gutierrez had hoped that at least one company would have leased some space at the campus by now. At the same time, Gutierrez is trying to manage expectations.
“Economic development really requires time and patience,” he says.
What made people believe the campus would fill up quickly?
“There were so many big headlines with big (employment potential) numbers that were being thrown out there,” Gutierrez said. “That gets everybody excited, but when people don’t understand the process that economic development is a slow-moving process, I think expectations get raised really high.”
More breaking news...
RMCIT would get $1.15M in upgrades
Tech companies vie in Monfort Challenge