Wellington business ventures hit snags
By JoAn Bjarko
North Forty News
A predicted commercial boom in Wellington is taking longer than expected
as plans for two new grocery stores fizzled and the owner of a new hardware
store is still working on financing.
Partners behind a grocery venture on Wellington's west side are not giving
up, however, and a hardware store could yet materialize along the interstate.
The other grocer who wanted to open on the east side of Wellington, Larry
Bean, has abandoned that plan.
Bean, the owner of L & I Family Market in Evans, wanted to open a second
store at the Coal Creek Center on Sixth Street by leasing a building. "I
just couldn't get the numbers to come together," Bean told the North Forty
News. The grocery business is tough anyway, he explained, and the proposed
lease was just too costly for him.
The independent grocer said he still thinks Wellington is a good location
for a new store. "It has to be somebody better off financially than I am,"
he added.
Richard Seaworth, one of the partners in Wellington Groceries LLC, said
their plan for Wellington Pointe fell apart when partner Richard Mooney
decided to open a store in Pueblo instead. Groundbreaking for the Wellington
store had been delayed, and the partners needed Mooney, who owns Overland
Foods in LaPorte, for his expertise in the business.
Another partner, Anderson Construction president Doug Means, said they
are continuing to talk with other grocers who may be interested in coming
to the area. Means remains optimistic about the venture, noting that Wellington
has waived permit fees and abated a future grocery store's town property
taxes for five years.
Doug Andersen, who wants to build a hardware store along the Frontage Road
east of I-25, said the town has approved his development plans, but he
would need about $2 million just for infrastructure for the 40-acre site.
The lot for the hardware store by itself is 3.5 acres.
"I can't balance on the back of a hardware store the cost of off-site improvements,"
he said.
Town administrator Larry Lorentzen said the town can approve development
plans for single lots, but Andersen designed a multi-lot, commercial planned
unit development. "You can't sell lots unless you have infrastructure to
them," Lorentzen explained. That includes water, sewer, electricity, natural
gas and roads.
Andersen, who is chairman of the volunteer Wellington Economic Development
Association, said he is convinced more commercial ventures will locate
in Wellington. "If I could get a hardware store out there, it would sell
other people on the value of the location," he contended, noting that Wellington's
market area has a population of about 8,000. "It's less expensive to buy
land here than anywhere south of here."
Last December, Wellington received state approval of an expanded enterprise
zone which gives qualifying businesses state tax credits. Andersen noted,
however, that the credits won't help a new business until it is making
a profit. The credits would help an established business that relocates
to Wellington.
"I think we've done what we can," Lorentzen said about the town's efforts
to attract business.
He noted the enterprise zone and the number of residential subdivisions
that will provide customers for future businesses. The town also waives
water and sewer tap fees and road impact fees on a case-by-case basis.
"We have a lot of people looking at things, but no requests for building
permits," he said. The problem, he noted, is showing a commercial track
record to financial institutions.
Andersen added that the volunteer WEDA members, who own businesses themselves,
have little time to promote Wellington throughout the region. He would
like the town to fund a paid employee who would work for WEDA.
"We're right on the cusp of seeing a lot of wonderful things," Andersen
said.
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