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Home My WebLink AboutNORTH COLLEGE MARKETPLACE - ODP - 42-08 - MEDIA - CORRESPONDENCEDevelopment proposal for North College Marketplace to take step forward I coloradoan.com I The Coloradoan, Page 3 of 5 revenue sorely needed by a city that is watching the economy suck money from its tax base as residents cut back on spending. If approved, the grocery store would be the largest in Fort Collins. By comparison, a proposed Safeway at Harmony Road and Shields Street is expected to be about 65,000 square feet and the Walmart Supercenter in Timnath, which is considered a general merchandise store for tax purposes, is expected to be about 200,000 square feet. Loveland Commercial, which had been negotiating to buy out North College Motors and Pobre Pancho's restaurant to add more acreage to the 26-acre development site, has abandoned those plans. But both businesses expect to lose some frontage to make way for road improvements. Mike Kroneberger, manager of North College Motors, said the city hasn't told him how much land he might lose. "At one point, they thought they'd need right to up to my front door," Kroneberger said Monday. "But now, they don't think they'll need quite that much." Trailers in an adjacent mobile home park have all been moved, Holsapple said. In Your Voice READ REACTIONS TO THIS STORY v � konabean wrote: ►��1, Another King Soopers? Just what this town needs. Aren't we saturated with too many grocers in town as it is? Add another empty building when North Albertsons has to close it's doors due to the Kings presence next door. 1/13/2009 8:20:18 AM Recommend New post Reply to this Post Report Abuse You must be logged in to leave a comment. Login I Register Teeth Whiteners Exposedl Find out which ones actually brighten your smile, and which ones don't Best -Teeth -White ning.com Martha Bean's Diet Works I got rid of 34 lbs of belly fat in just 17 weeks with this 1 diet. marthasdiet.com AARP Auto Insurance From The Hartford Over 50? Save $363 on Your Auto Insurance In Minutes w/The Hartford. Drop 15 Pounds Fastl Oprah Ranked... Try the #1 Ranked Celebrity Diet! Click Here - Free Sample Today acai-pure.com More Business Headlines Much of Harmony Marketplace sold to California -based company Daily Briefing ON THE AGENDA Development proposal for North College Marketplace to take step forward APPLAUSE Latest Headlines Draw us your favorite president CSU News blog: Ritter dedicates new solar farm at university's Pueblo campus Recovery plan needs to include rural areas, Markey says (1) Fort Collins police rescue child from armed, suicidal parent Crime blog: Incident reports from Fort Collins, CSU police ADS BY PULSE 360 Get Listed Here http://www.coloradoan.com/article/20090113/BUSINESS/901130314/1046/business 1 /13/2009 •-- Development proposal for North College Marketplace to take step forward I coloradoan.com I The Coloradoan, Page 2 of 5 potential phases for development, including a plan to protect a swath of Teeth wetlands. PotimW mairketptaces An aerial view Whiteners rronn Ccsege avenue Modlo nare park v oposoo m xketyitce anmmry vi It is the first major development in the area since City Council approved Kbrp soopns t23 acres] Exposed! ' p y pp Find out which ones the North College Urban Renewal Plan in 2004 to serve as the catalyst for actually brighten your future redevelopment along a corridor that many residents say has suffered from benign neglect. i smile, and... 9 9 The URA - roughly 525 acres along North College between Vine Drive and Best-Teeth-Whiteni... Willox Lane - allows a portion of tax revenue generated from the corridor to be steered back to the area for public improvements and business incentives. Martha Developers Loveland Commercial LLC has won city approval to use $8 o• y ' t sue:w� ' r Bean s Diet million in tax increment financing to help pay for infrastructure such as .'_ , Works streets and utilities. _ - - �-� _ I got rid of 34 Ibs of y1 j belly fat in just 17 After Thursday's hearing, the project will still face two more rounds of rebre Panmos y HOa Ce91W MOW aee,esonseraeerrsIore waartmie weeks with... hearings, planner Steve Olt said. Purchase this Photo marthasdiet.com Based on a work session last week with city staff, Old said he did not An aerial view of the corner of North College Avenue and Willox anticipate any hang-ups with the project going forward. the site of a proposed development. The development would include a large King Soopers. (Coloradoan library) Developers are still awaiting a signed contract with King Soopers, said Eric AARP Auto Holsapple, a principal with Loveland Commercial LLC, which is developing PAGE B2 Insurance the project. By the numbers From... BY THE NUMBERS Over50? Save $363 Holsapple said he met with King Soopers officials last week and "we're > $16.4 million - urban renewal -generated property taxes on Your Auto making good progress." expected to be generated by North College Marketplace Insurance In Minutes > $8 million - amount designated for the project w/His last project with the grocery chain took 14 months before company > $3.8 million - financing costs ... executives signed on the dotted line. > $4.6 million - amount left for other North College projects AARP.TheHartford.com "The economy is not helping," Holsapple said. "We would rather have a INTERESTED? The planning and zoning hearing begins at 6 p.m. Thursday in signed contract, but I know they're looking at a lot of things, and they are the City Council chambers, 300 LaPorte Ave., Fort Collins. For excited about the site." more information, call 221-6750. The project is expected to generate $1.6 million in sales tax and $800,000 in property taxes a year, R n V e k T I s e w e N T http://www.coloradoan.com/article/20090113BUSINESS/901130314/1046/business 1 /13/2009 T1 Development proposal for North College Marketplace to take step forward I coloradoan.com I The Coloradoan, Page 1 of 5 Teeth Whiteners Exposed! Find out which ones actually brighten your smile, and which... www.Best-Teeth-Whitening.com Martha Bean's Diet Works I got rid of 34 Ibs of belly fat in just 17 weeks with this 1... www.marthasdiet.com AARP Auto Insurance From The Hartford Over 50? Save $363 on Your Auto Insurance In Minutes w/ The... AARP.TheHartford.com Other editions: Mobile I News Feeds I E-Newsletters I Mobile Text Alerts I Twitter Find it: Jobs I Cars I Real Estate I Apartments I Shopping I Classifieds 10 All Local News Calendar Jobs More» SPONSORED ._��I_I L�® SEARCH BY: ALL _ g0 HOME NEWS WEATHER OBITUARIES VOICES & VIEWS SPORTS BUSINESS LIFE ENTERTAINMENT BUY/SELL/SHOP CUSTOMER SERVICE MULTIMEE Coloradoan Loveland Connection Windsor Beacon MomsLikeMe.com Communities Directories RSS Feeds E-Newsletters Mobile Edition FComment, blog & share photos FM coums Log in I Become a member I Search people POWERED BY YOU FIND THE iCOLORAD0IAN Development proposal for North College Marketplace to take step forward BY PAT FERRIER • PATFERRIER@ COLORADOAN.COM • JANUARY 13, 2009 Read Comments(1) Recommend Print this page E-mail this article Share C'J A sign on the north side of Pobre Pancho's Mexican restaurant says it all - Good news! Pobre Pancho's is staying! The sign celebrates the fact that the restaurant - which feared it would be displaced by a proposed shopping center behind it - will continue to welcome customers at the corner of East Willox and North College Avenue. Purchase this Photo A D V E R T I S E r, E r, T The North College Marketplace, expected to break ground in the spring, will take another The sign at Pobre Pancho's says it all at the proposed site of the step forward Thursday when it presents its overall development plan to the Fort Collins North College Marketplace, near the intersection of North Planning and Zoning Commission. College Avenue and Willox Lane, on Jan. 5. (Michael G. Seamans/The Coloradoan) The marketplace, including a 123,000-square-foot King Soopers, gas pumps, fast-food restaurants and smaller retail stores on 25 acres northeast of Willox Lane and North College Avenue, will outline its http://www.coloradoan.com/article/20090113/BUSfNES S/901130314/ 1046[business 1 /13/2009