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News Details (Posted: February 8, 2007):
Fort Collins finds harmony with shopping center
Full Description:
With approval of $22 million in incentives, Fort Collins is well on the way toward getting its very own open-air shopping center catering to lovers of bargains and libraries alike.
Shoppers will contribute the biggest share of those incentives through an additional 0.75 percent sales tax the developer was authorized to collect on all purchases at the center for 30 years. Projected to eventually yield $18.5 million, that "public improvement fee" will be in addition to the 6.7 percent sales tax already collected by Fort Collins. Three percent of that total is assessed by the city, 2.9 percent by the state and 0.8 percent by the county.
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