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Mountain View is a legal town of less than 1/4 mile square. It has been reported that is is having financial problems. By public vote it may join either Edgewater to the South or Wheat Ridge to the West. It has its own police force and is part of the Wheat Ridge Fire Protection District.
Lakeside Mall has been demolished and has been under separate ownership from the Amusement park since 1956. The redevolpment of the mall has halted probably owing to tight credit markets and many, many vacancies in other nearby retail areas. The future of the property must be seen as long range as with many such projects started at the begining of economic down cycles.
Lakeside Amusement Park is there to stay. The third generation owners are now coming to the forefront and plan to operate the business. The corporate amusement park in Downtown Denver has a heavy debt service after changing hands several times in the last decade and a half. It is also located on land that will be much more valuable soon after the economic recovery takes hold. If you are betting on which park will disappear, bet on Lakeside being in business long after Corporate World becomes condos on the Platte.
If you are looking for a sudden upturn in gentrification, look somewhere other than Mountain View. Small town politics will get in the way. Lakeside is a town in and of itself. The 20 or so residents there don't want to pay for a lot of change. Look for the Mall property to be for sale at a bargain
price. The current developer paid just over $8 million for it and another million or two to demolish it.
Current market value is probably under $4 million if you have cash. Banks are not lending on if-come-maybe development schemes these days.
The best option would be for the Amusement park to buy the mall property and expand in anticipation of being the only game in town within 7 years.
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