FORT COLLINS, Colo. (CBS4) – The Foothills Mall in Fort Collins is tired with no real draw, but that’s about to change.

The mall will get a multi-million dollar facelift the city says will provide a big economic boost. It also plays into the city’s broader future plans.

Cynthia Eichler, the mall’s general manager, said the 40-year-old mall is ready for the project.

“Everything gets an improvement — all new flooring, all new ceiling, skylights, you’ve got natural light coming in, we’ll refresh all of the store fronts,” Eichler said.

The mall will be larger and encompass 74 acres that will include a movie theater, an open air seating area, and an abundance of new dining options.

“Fort Collins is really a hub for Northern Colorado, and we think the strong retail presence, the stronger service, restaurant, will absolutely be a real bonus for the city, and we’re excited to be part of that,” Eichler said.

Construction is expected to begin in the spring and they expect to have it reopened just in time for holiday shopping in 2014.

“We’ve got a lot of work to do in that time, but we’re excited to get to that point,” Eichler said.

The mall fits into the city of Fort Collins’ urban development plan. They want to make the area where the mall sits a more pedestrian and bike friendly area.

“It just pulls us in the right direction, economically, to meet customers’ needs, and those are great combos.”

Sears is still negotiating with Fort Collins. It’s that last store that has not confirmed its plans to be a part of the new shopping center.