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Developer seeks city sign‑off to use industrial revenue bonds for Blackmore Marketplace expansion
Summary
Developer Flower and Stone and City staff presented Phase 2 of Blackmore Marketplace, a roughly 200,000-square-foot retail expansion backed by third‑party fiscal analyses and an industrial revenue bond (IRB) conduit application that staff asked council to allow them to pursue. Council agreed to have staff move the application forward.
Karen Blumenstein, principal of Flower and Stone, told the Casper City Council the company is asking the city to serve as a conduit issuer for industrial revenue bonds to support Phase 2 of Blackmore Marketplace, a retail expansion the developer said will include junior anchors, outparcels and a future grocery site.
Blumenstein said the project already has two tenants open, construction began in January 2025 and the developer has invested about $47,000,000 so far. "We're 85% built," she said, and described Phase 2 as "almost 200,000 square feet" that will add junior anchors, supporting small shops and a grocer parcel. She said independent third‑party reports and a fiscal‑impact analysis were…
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