New Carbondale City Market delayed
The subdivision plat for the planned new Carbondale City Market has been extended a third time since its approval by Carbondale trustees in March.
Carbondale’s board of trustees on Tuesday approved an extended deadline for the subdivision plat to Feb. 28, 2017.
Kroger, the parent company of City Market, is in the process of buying back $500 million of its stocks. Carbondale Town Manager Jay Harrington said Tuesday that the company was freezing its capital improvements for the year as a result.
The company also announced earlier this month a substantial reduction in its capital improvement plan (from between $4.1 and $4.4 billion to a range of $3.6 and $3.9 billion). These steps follow falling food prices across the country.
The company isn’t expected to close on the property, on the northwest corner of Colorado 133 and Main Street across from the existing store, until February.
In the meantime, the town is keeping its review process moving. The applicant has submitted engineering drawings and a building permit application.
Harrington said he wants to keep the town’s review process moving because a delayed closing on the property makes for a tight turnaround for associated off-site work that was expected to be done this fall, including work on the Rockford Ditch.
“From what’s been represented to me, it does not make any changes to projected opening dates,” Harrington told trustees.
The developer is still projecting construction to begin in the spring.
This is “an issue outside of City Market’s control; they’ve been pretty up front with us on that,” said Harrington.
Representatives with Kroger and Sopris Engineering are looking at bidding the project in December or January.
“A risk of the store not happening … that message hasn’t been sent to us,” said Harrington.
The company has already made significant investments into the project in terms of on-site civil engineering and the building design, said the town manager.
There’s been no indication that’s all going away, said Harrington.
“But it’s not a sure thing until the front door opens, until you get to cut the ribbon with the chamber of commerce,” he said.
Town trustees, facing stagnant revenue in 2017, have often touted a potential revenue boost that the new City Market would presumably bring.
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