Downtown Partnership releases 2021 State of Downtown report
Erin Chapman
and last updated 2021-04-29 00:34:03-04
COLORADO SPRINGS â The odds were against most businesses in 2020. It was just a real sad time, a sad time in world history, said Perry Sanders, Owner of the Mining Exchange and Antlers Hotel.
Despite the pandemic, retailers in downtown Colorado Springs made it through.
The Downtown Partnership released its annual State of Downtown report last week which showed some decline, but a lot of progress.
According to the report, in 2020 there were 21 new store fronts in downtown, including Clay Venues. We opened this kind of mid-pandemic, we were open last year and had a couple events, called them COVID events, said Becky Nuttall, Owner of Clay Venues.
20 Years Ago
A Community Development Block Grant (CDBG) seems to be the key to city plans to continue renovation of downtown Lemoore by restoring the second floor of the 106-year- old Antlers Hotel, the Lemoore City Council learned Tuesday night. But the CDBG $1 million grant would renovate the second story to make 10 lower income apartments available for rent, primarily to seniors. The $1 million is only part of the $1.9 million the project would cost.
25 Years Ago
The old Jet Bowl near the Lemoore Senior Center has become a battle ground of sorts between two extremely active and growing civic organizations. Officials with the Lemoore Little League and with the Fil-Am Association of Kings County each made their pitch Tuesday before the Lemoore City Council for free use of the vacant four acres of city-owned land. Lemoore Little League wants the site for a proposed two-field expansion. Fil-Am wants the site to build a planned 600-capacity, $500,000 community meeting and events fac
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Downtown Colorado Springs hasnât seen the commercial investment newer sections of the city have grown used to, to include the northern boundaries of the city. Helen Robinson
Experts say the commercial real estate market in Colorado Springs is poised for continued growth in 2021 â even as the area recovers from the pandemic-related economic shutdowns of last year.
Real estate analytics company Costar reported that the vacancy rate for commercial properties in Colorado Springs hit 8.84 percent in the fourth quarter of 2020, with a high of roughly 450,000 square feet sitting empty after more than a dozen Downtown businesses closed or looked to cut overhead costs as their employees shifted to remote work.
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Fannie Mae Duncan and friends stand on the street in front of the Cotton Club in 1955. The neon sign on the building reads “Duncan’s Cafe Bar Lounge.” Duncan graduated from the integrated Colorado Springs High School (now Palmer High) in 1938, the first in her family to get a diploma, according to a Nov. 5, 2018, Gazette article. She went into business for herself at age 26. Duncan bought the building that would become Duncan’s Cafe and later the Cotton Club across from the Antlers hotel, when she was just 28. Photograph by Lew Tilley, Courtesy of Pikes Peak Library District, 099-10714