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.
FORT COLLINS The city of Fort Collins and the Colorado State University System appear ready to return to the negotiating table over the Hughes Stadium property after
voters in overwhelming numbers this week directed the city to try to acquire the land for open space.
Now comes the hard part: Finding a solution to the question of whether the 161-acre parcel will be developed into a neighborhood with some open space or transformed entirely into open land, that
In its comments after the results, the CSU System said that while it respects the will of the voters, it reasserted its position that it can use the Site Plan Advisory Review in state law to develop the Hughes Stadium land without approval from city officials.