After building the U.S. Olympic & Paralympic Museum and Hall of Fame for double the cost of the original estimate of $45 million, museum board members want $3.5 million from
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.
Scheels, a 220,000-square-foot sporting goods retailer, is projected to open in the InterQuest Marketplace toward the end of March. The business is expected to employ more than 350 people. Bryan Grossman
When Northgate developer Gary Erickson was a boy growing up in Colorado Springs, he said, there was nothing for a kid to do.
Now Erickson is on a mission to make sure no kid growing up in Colorado Springs will ever be able to say the same thing again.
Erickson recently worked out a deal with Topgolf Entertainment Group to open a new, multilevel venue at Polaris Pointe, the 200-acre project heâs been developing at Interstate 25 and North Gate Boulevard for the past seven years.
Initially delayed due to the bond market crisis as the pandemic took root a year ago, financing for the Air Force Academy Visitor Center project is now queuing up.
Blue & Silver Development Partners is likely to win approval from City Council in February to increase the amount to be issued by the projectâs Business Improvement District by $10 million â to $90 million. That money will fund infrastructure for the Visitor Center, such as drainage, utilities installation, landscaping and architecture and engineering for the 57-acre site.
The increase stems largely from escalating costs since the project was penciled out in 2019.
In addition, Louisiana-based nonprofit agency Provident Group-USAFA Properties LLC plans to issue up to $225 million in bonds to fund construction of a nearly 400-room hotel at the project site, at the Academyâs north entrance at Interstate 25.
Monycka Snowbird, left, argues against keeping the Cheyenne Mountain Indians mascot with a supporter, who declined to give her name, outside the Cheyenne Mountain School District 12 board work session in the fall of 2020. Snowbird and the other indigenous people who attended the protest felt the mascot is racists against their heritage. Supporters of the mascot said the Indians mascot was an honor and full of school tradition. About 50 people lined the street outside the school district’s administration building. (Gazette file photo)
Gazette file
Jerilee Bennett, The Gazette