"Crown Jewel" of Harmony Corridor, an article that will appear in Monday's online edition of Northern Colorado Business Report, reports that a new development located on East Harmony Road will accommodate 2.7 million square feet of new development, with a full-service hotel and conference center first in line. Also included will be the "crown jewel", Presidio. Presidio is an 85-acre master-planned community that will offer a hotel and convention center, shopping, offices, restaurants, community living and full-spectrum Wellness Complex. Brinkman Partners is the listing brokerage on the project, providing full-spectrum consulting services in development management, and providing full-range services in marketing strategy and execution.
Centerplace adding Best Buy, Sports Authority next year, an article from The Greeley Tribune, reports that developers who own the Centerplace shopping center plan to add Best Buy and Sports Authority to the development in time for next year's holiday shopping season. Included on the site will also be a health club and other retail stores. The development is planned to be located at an undeveloped site east of Target and Kohl's at the 47th Avenue and U.S. 34 Bypass. Kelly Peters, Greeley's economic development manager, said that while plans haven't been finalized, if Best Buy comes to Greeley it will fill a hole in the electronics retail market. http://www.greeleytrib.com/article/20070926/NEWS/109260111
Eliminating 'Phantom Tax' on Foreclosures Gets a Boost, an article from Realtor Magazine Online, reports that the House Ways and Means Committee voted to change a law that forces home owners to pay an income tax on mortgages that have been forgiven or foreclosed. NAT President Pat V. Combs says, "Changing the IRS code for these situations will relieve a tax burden for families who are already in financial distress and are most likely unable to pay additional taxes." NAR has pursued repealing the "phantom tax" law since the early 1990s. The legislation also includes a provision to safeguard against abuses.
http://www.realtor.org/rmodaily.nsf/pages/News2007092701
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