Faced with the threat of a breach-of-contract lawsuit but bolstered by Loveland voters’ resounding message in the Nov. 7 municipal election, the Loveland City Council on Tuesday rescinded its approval of plans designed to help finance a $1 billion mixed-use project on farmland on the city’s eastern edge.
Loveland City Council has pulled out of the Centerra South urban renewal plan, after a short but highly contentious discussion that resulted in Councilor Dana Foley leaving chambers.
Loveland rescinds Centerra South pacts; developer likely to sue – BizWest bizwest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizwest.com Daily Mail and Mail on Sunday newspapers.
The newly constituted Loveland City Council will officially welcome its ninth member on Tuesday, when attorney Troy Krenning is officially sworn-in as representative from Ward 1.