Foothills Mall Financing Package Approved
At its May 7 meeting, City Council approved a financial reinvestment package that will assist the owners/developers of the Foothills Mall with redeveloping the property, including the enclosed 753,000 square feet of retail space and as many as 800 multi-family housing units.
The Council approved a total of $53 million in financial assistance from future tax revenues from the redevelopment area including a $45 million incentive package and an $8 million investment in City infrastructure including redevelopment of the Youth Activity Center and a new underpass connecting mall property to the MAX Bus Rapid Transit system west of College Avenue.
Construction is expected to start in June. For updates and more information, go to www.fcgov.com/foothillsmall.