Salida Crossings developer Duane Cozart said he expects to receive a term sheet “any day now” for financing his mixed-use development on the east end of U.S. 50 in Salida.

Cozart recently changed the project from condominiums to apartments, which requires a different financial structure. He has said the design of the project will not be changed in any way.

Rents will start at about $750, Cozart said, and will go above $2,000 for the large three-bedroom units in the back buildings.

Cozart must still abide by the affordable housing requirements outlined in the project’s planned development.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.