DENVER and FORT COLLINS — The Colorado State University System has the right to develop the Hughes Stadium land using a provision in state law, a position that may complicate negotiations with the city over the property’s future.
In a letter submitted to Fort Collins’ staff and City Council last week, the Colorado Attorney General’s office said the CSU System is in the process of ending its contract to sell the 161-acre property to Lennar Corp. (NYSE: LEN) and develop the property according to previously-described plans.
The Attorney General’s office is required to represent state entities, including the CSU System, in legal matters.