Lowe’s to go before Silverthorne Council
September 4, 2010
SILVERTHORNE – A proposed Lowe’s Home Improvement Warehouse will go before the Silverthorne Town Council Wednesday evening.
The council is scheduled to vote on the development’s final site plan, wetlands disturbance permits, a sign variance and commercial subdivision.
The items on Wednesday’s agenda represent some of the company’s final steps in the land-use process.
Lowe’s has proposed to build a 111,000-square-foot store and attached 27,000-square-foot garden center at the intersection of Wildernest Road and Buffalo Mountain Drive. Also part of the proposed development is a 48-foot retaining wall behind the building, underneath Buffalo Mountain Drive.
Also under consideration at Wednesday’s meeting will be an agreement under the town’s Enhanced Sales Tax Incentive Program (ESTIP), whereby Lowe’s would perform up to $1.9 million in road improvements and other public infrastructure projects during the store’s construction. The town would pay the company back over a period of eight years through rebates on sales tax the store generates. Lowe’s estimates the proposed store would generate about $1.2 million in annual revenues to the town.
The Silverthorne Planning Commission approved the development’s final site plan on Tuesday, with some conditions, including a need for esthetic improvements to the store’s roof and facades.
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Wednesday’s meeting is scheduled to begin at 6 p.m. in Silverthorne Town Hall.
SDN reporter Julie Sutor can be reached at (970) 668-4630 or firstname.lastname@example.org.