Board Approves Public Private-Partnership with Evergreen
During the March 22, 2016 meeting, the Board of Trustees approved a Disposition and Development Agreement by and among the Town of Erie, the Town of Erie Urban Renewal Authority and Evergreen Devco, Inc. The agreement includes the terms for the sale of the property and the future construction of the Nine Mile Corner mixed-use development. The current estimated total purchase price of the property is approximately $5,000,000.
Approval of this agreement is the latest in a series of deliberative actions taken by the Town and represents a unique public-private partnership designed to leverage Erie's assets and diversify the Town's revenue base.The Nine Mile Corner site is situated on approximately 45 acres of town-owned land located at the southeast corner of Highway 287 and Arapahoe Road in Erie.