Developer eyes land near bus center
FRISCO – The publicly owned 10-acre parcel of land behind the Summit Stage Transfer Center in Frisco is one step closer to becoming a sales tax generating shopping center.
Last week, the town council voted to enter into an agreement with Alberta Development Partners to explore the site’s feasibility over the next four months.
The parcel is Frisco’s largest undeveloped commercial area. It sits two blocks off Summit Boulevard and the chief access would be Lusher Court, which goes by the Safeway store in the Frisco Station shopping center.
“We will negotiate in good faith if they decide to move forward,” said interim town manager Theresa Casey. The town purchased the land from the county in 1996 with the intention of using it for commercial purposes.
The area was zoned for commercial use last year.
“It was purchased to be developed to generate tax revenue,” Casey said.
Last year, Wal-Mart officials rejected the area as a possible site for a Wal-Mart Supercenter, citing the need for a larger piece of land. The town bought the land with Wal-Mart in mind in the 1990s when Silverthorne threatened to take away Frisco’s current Wal-Mart store.
Alberta Development Partners has no potential tenants in mind yet for a shopping center at the site.
“Right now, we’re investigating the property for potential development,” said Peter Cudlip, the company’s owner. “We’ll conduct soil testing, site planning, environmental planning. We’re interested.”
Should plans for development solidify, a new shopping center could boost the town’s declining sales tax revenues in the face of Wal-Mart’s new competition from a Target in Silverthorne.
If a Silverthorne vote holds up after a recount today, Silverthorne also will be home to a new grocery store sure to take business from the Frisco Safeway.
For now, the town has no specific vision for the site.
“The big thing for us is that we want to see construction that’s visually pleasing, that meets our codes and landscaping requirements,” Casey said.
Julie Sutor can be reached at (970) 668-3998, ext. 203, or at
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