Lafayette Real Estate Approved for Lowe’s Amid Controversy

One of the top Lafayette real estate stories according to the local Lafayette News publication was the voter approval of annexation of land for a new Lowe’s store in Lafayette. While there was controversy over new development in the eastern parts of Boulder County this year I think most folks welcome having the Lowe’s in their neighborhood.

The people gave a majority vote that approved in a February special election to allow the city to annex 32 acres of land, paving the way for a Lowe’s store in Lafayette.

About 55 percent of the voters, or 3,510 people, approved the annexation of land for a new Lowe’s home improvement facility.

The property is located at the southeastern corner of Baseline Road and North 119th Street.

Proponents of the annexation, led by the group Vote Yes for Lafayette, cited an increase in sales tax revenue and jobs as reasons for approving the referendum question. Apparently the voters agreed.

At election time, Lowe’s projected first year sales of about $30 million, generating $1.05 million in sales tax dollars and 175 jobs. As the year’s out, it could be interesting to see how the sales numbers came out in the end.
Opponents of Lowe’s expressed concern over the big box store hurting existing Lafayette, Colorado businesses. They also expressed concerns over the added traffic in the area.

People always find something to complain about but I’ll tell you what, I always like driving less distance for those 4 trips during home repair projects when I keep forgetting things I need…

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