Foothills Mall developer: Rehab off unless Sears can be acquired
Should that occur, the mall's new owners will instead seek to "maximize leasing potential," Don Provost of Alberta Development Partners, the Denver-based developer planning a $100 million redevelopment of the mall, said in an interview.
In a related development, City Manager Darin Atteberry today said that the eminent domain decision would be postponed for 30 days because Sears officials agreed to sit down with Alberta.
The vote had been scheduled for Jan. 15, but instead, officials from the city and both companies will have a face-to-face meeting, Atteberry said.
If no agreement is reached, then eminent domain will be back on the table, he said.
Atteberry has been aware of Alberta's resolve to abandon redevelopment plans if the Sears property cannot be acquired, he said Thursday. A lot of business people and community members want the development to happen, he said, and there are high expectations for the project.
Fort Collins Mayor Karen
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Rep. Randy Fischer, D-Fort Collins, and Sen. Gail Schwartz, D-Snowmass Village,