Colorado City Seizes Mall for Redevelopment
Dillard's forced to hand over title to Longmont
Longmont has won the Dillard's title fight.
A Boulder County District Court judge ruled Monday that Dillard's must turn over the title to its property to the Longmont Urban Renewal Authority. In a 17-page written decision, Judge D.D. Mallard granted LURA's request for vesting, allowing the $80 million redevelopment of the Twin Peaks Mall to proceed before a final price is set.
Mall owner NewMark Merrill Mountain States plans to shut down Twin Peaks at the end of the year. Managing partner Allen Ginsborg called the ruling welcome but "not very surprising."
"We thought our arguments were very solid," he said.
(Hat tip to Timothy Sandefur)