As Lloyd Goff focuses on
buying and redeveloping 150 acres of the Fort Collins Downtown
Airport property, the former Denver Platte Valley developer
also has a long-term, big-picture vision for the entire East
Mulberry corridor.
Whether the vision he shares with some developers fits with
the plans of business owners in the area is another issue.
By 2030, the wide, industrial, three-mile stretch of Mulberry
Street west of Interstate 25 could develop into more of a
quaint Denver Tech Center-style business gateway in north Fort
Collins. It could be lined with trees, flowers, new business
parks and possibly multifamily rental housing, if landowners
and businesses desire, Goff said.
He and a dozen developers and other property owners
belonging to the Mulberry Corridor Owner's Association have
invited more than 400 locals to an after-hours meeting Aug. 16
to talk about the future the corridor.
The biggest challenge to jump-starting redevelopment - and
the millions of dollars in potential tax revenues for the area
that could result - is convincing existing businesses to
support annexation of the corridor by the city of Fort
Collins, Goff said.
He expects to spend the next couple years explaining to
property owners and businesses the plan, in which he believes
the long-term benefits outweigh the downsides.
While parts of the corridor are in the city, others are
under the jurisdiction of Larimer County. Many like it that
way.
But some developers - aligned with Goff and otherwise -
report expensive difficulties trying to get projects approved
under the joint city-county bureaucracy that governs planning
and development in the area.
A first step in the redevelopment process would involve as
many as 500 Mulberry landowners and businesses voting to form
a metro district.
The district would add a mill or two onto property tax
bills within the corridor. About $100,000 would finance the
annual administrative costs to manage the second half of the
plan - a tax increment financing agreement. Also known as TIF,
the development financing tool could bring millions of dollars
in incentive property tax revenues into the district for
improvements.
Districtwide flood plain improvements, Mulberry Street
widening and redevelopment of the I-25 interchange could be
financed using TIF.
However, the first $3 million to $5 million funneled
through TIF likely would be spent on landscaping along the
corridor, Goff said. Many commercial property owners have been
waiting years for the beautification of Fort Collins' original
gateway into the city and Old Town.
Clarence Sitzman maintains his own landscaping outside his
Front Range Veterinary Clinic, which he opened in 1976. He had
not heard of specific proposals but said he doesn't want
additional taxes and paperwork. He does, however, want the
corridor to look better.
"I never got any government funding to mow the weeds
along the frontage in front of my clinic. I just do it because
it makes the area look better," Sitzman said. He wishes
other property owners would do the same.
Neither the city nor the county has funds for the corridor
beautification effort, though policies for such landscaping
plans were approved several years ago.
"We could fund it ourselves without bothering with the
county and city," said Jen Hays, director of the year-old
Mulberry Corridor Owner's Association. Hays works for
landowner Mike Donaldson.
Annexation into the city is key to the long-term
development plan. Only as part of the city could the area use
tax increment financing through an urban renewal district to
accommodate growth along Mulberry.
Forming a metro district without annexation into the city
would make property owners fully responsible for financing
infrastructure. A metro district alone might only cover costs
of public landscaping. Adding the TIF option could bring in
more alternative financing opportunities.
"If we wind up arguing and there's opposition to
growth, then you won't see much happen," Goff said.
"This is a good time to talk about what we want to see
here."
While additional development could bring up land values,
existing businesses might not want the associated costs, such
as higher lease rates. More than half a dozen landowners
declined to be interviewed on the record about potential
redevelopment efforts, for lack of knowledge or because they
were against those efforts.
Goff said the campaign for annexation, TIF and a metro
district is tied to long-term future gas price increases. Even
without the effects of terrorism and natural disasters
affecting supply and demand, continually rising gasoline
prices will affect conventional development, commuting,
neighborhoods, food supply and business.
The 63-year-old Goff's vision for his airpark development
includes an alternative-energy research and development park,
as well as rail transportation.
"The Mulberry district is a fertile field for
irrigating and growing a new kind of development," Goff
said. "If we can get consensus, we can tap everyone's
knowledge with a collective approach."