Fort Collins has a plan for a long-closed Albertsons location; technically, the parking lot of that Albertsons. How Long Has the Albertsons on North College Been Closed? 11 years later, the City of Fort Collins Urban Renewal Authority (URA) purchased the 50,000 square-foot building, and its 4.6-acre site. What's the Plan for the Old Albertsons in Fort Collins? While decisions and plans are made for what will actually happen to the old Albertsons, the Fort Collins URA, according to the Coloradoan, plans of having a venue occupy the parking lot area of the site.