Neighbors of Timberline Church, 2908 S. Timberline Road, can weigh in May 3 on plans for a proposed land swap that could eventually lead to 180 "affordable and attainable" apartments on what's currently church property.
The church and Colorado State University have been working on a deal that would trade roughly 10 acres on the southeast edge of Timberline's property for 5 acres of CSU's former agronomy farm south of the church.
Once the land swap is finalized, CSU will donate the land to Tetrad Property Group to build and operate 180 below-market rate apartments. Sixty units will be reserved for university employees who make less than 80% of the Area Median Income, said Brett Anderson, special assistant to CSU Chancellor Tony Frank.