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Glenwood Springs Council rejects 50% sales‑tax rebate for former Safeway redevelopment
Summary
The City Council voted unanimously March 6 to deny a requested 50% sales‑tax rebate over 15 years for the redevelopment of 2001 Grand Avenue, citing concerns about payback period, potential cannibalization of local businesses and lack of a clear larger‑project incentive policy.
Glenwood Springs City Council voted unanimously March 6 to deny a developer’s request for a 50% sales‑tax rebate over 15 years to subsidize the redevelopment of the vacant Safeway building at 2001 Grand Avenue. The applicant, Robert Miller of Milco Investments, told council he had secured Harbor Freight and ARC Thrift Stores as tenants and projected $8 million in combined annual sales from the two businesses.
Why it matters: Staff said the project could generate roughly $300,000 in new annual sales‑tax revenue but acknowledged a significant portion of that could represent sales shifted from existing local businesses. Council…
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