All Local, All The Time
All Local, All The Time
The former Colterra restaurant property is once again listed for sale, this time at $1,500,000. The building in which the restaurant was located was demolished after a fire in October 2017 caused the popular restaurant to close. The historic Bader House, which also occupies the property at 210 Franklin Street, has been enlarged since it was purchased for $1,000,000 in September of 2023. The property has been sold twice since the fire, and remains vacant in the heart of Old Town Niwot.
The year-end numbers are in, and they show a continuing downward trend in sales tax revenues collected by the Niwot Local Improvement District (LID) for 2024.
Revenues for 2024 totalled $249,677, down 8.8% from 2023 sales tax collections. The calendar year 2022 marked the high point for revenues collected by the LID at $292,231. But in 2023, LID revenues dropped to $273,747, a decline of $18,484,...
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