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Castle Rock approves up to $900,000 assistance deal with outlets for restaurant pad infrastructure
Summary
Council unanimously approved an infrastructure assistance agreement with the Outlets at Castle Rock to support construction of restaurant pad sites; town support is performance-based and capped at $900,000 and repaid via shared sales tax for up to five years or until cap reached.
Castle Rock’s Town Council unanimously approved a performance-based infrastructure assistance agreement with the Outlets at Castle Rock that will help fund up to $900,000 in infrastructure for new restaurant pad sites.
Town staff and Economic Development representatives said the outlets generate more than 10% of the town’s retail sales tax and that new restaurants at the site could produce significant…
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