Eagle to review shopping center finances
EAGLE ” Town board members this week examined architectural designs, parking plans and the heights of buildings at Eagle River Station, the large shopping center a developer wants to build on 88 acres east of town.
The plan includes 572,065 square feet of commercial space, a 150-room hotel and 581 residential units. Additionally, a new Eagle I-70 interchange would be built as part of the Eagle River Station plan.
Wednesday’s hearing promises to be the key session for the town board.
It is scheduled to discuss the cost and revenue sharing plan proposed for the development. The plan calls for a partial rebate of sales tax generated at the site, over a multi-year period, to pay off the cost of infrastructure associated with the development.
“We are heading into some weighty, meaty discussions,” said Kristin Kenny, a spokeswoman for Eagle River Station developers Trinity/RED.
The developer will hold an open house on the plan on Oct. 9, from 5:30 to 7:30 p.m., at the Brush Creek Pavilion.
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