Longmont Mall Redevelopment to Start This Summer

Twin Peaks Mall will be demolished this summer to make way for The Village at the Peaks shopping center. Fort Collins-based NewMark Merrill Mountain States received the title to the Dillard’s department store building on Tuesday, Feb. 18. Dillard’s had held veto power over any redevelopment at the mall. The Longmont Urban Renewal Authority inContinue reading “Longmont Mall Redevelopment to Start This Summer”

A Tale of Two Malls – Longmont’s Twin Peaks, Fort Collins’ Foothills and Eminent Domain

Mall revitalization is a common priority for cities in our region. Longmont and Fort Collins are both in the process of updating aging malls generating declining sales tax revenues. Both malls are part of urban renewal districts, making them eligible for tax increment financing (TIF) a tool that helps developers pay for public improvements associatedContinue reading “A Tale of Two Malls – Longmont’s Twin Peaks, Fort Collins’ Foothills and Eminent Domain”

Twin Peaks Mall Revitalization Takes Step Forward

The City Council approved a request by the owners of the Twin Peaks Mall to seek approval to create a metropolitan district. The creation of a metropolitan district will give NewMark Merrill the ability to issue bonds and levy additional taxes on the property to pay for improvements. The 58-acre district will include everything withinContinue reading “Twin Peaks Mall Revitalization Takes Step Forward”