The Littleton City Council approved an incentive package for Scheels to build its largest Colorado location at Mineral Place, a mixed-use redevelopment project at 700 W. Mineral Ave. The two-story sporting goods store will span more than 300K SF, according to the Denver Business Journal. The approved package includes a sales tax refund of nearly 55% for 30 years if the retailer obtains a certificate of occupancy within four years.
North Dakota-based Scheels already operates locations in Johnstown and Colorado Springs and is known for massive stores that feature an indoor Ferris wheel. The Littleton store would become part of Mineral Place, though the dossier does not specify other tenants or phases of that redevelopment. The approval was reported by Bisnow, which cited the Denver Business Journal as its underlying source for the incentive terms and store size.
The incentive structure ties public support to a concrete performance condition: Scheels must receive a certificate of occupancy within four years to access the sales tax refund. That condition suggests the city is seeking to limit its exposure if the project stalls, but the dossier does not state the projected total value of the refund or the expected construction timeline. The approval also signals continued retail expansion in Littleton despite broader office attendance declines in Denver, which Bisnow separately reported was down 50% from 2019.
What remains unknown is whether Scheels has finalized a development agreement, secured construction financing, or set a groundbreaking date. The dossier also does not identify the developer of Mineral Place or clarify whether additional public incentives will be requested. Because the evidence comes from a single secondary source, the exact terms and project status should be confirmed with Littleton city records or Scheels directly.