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Entries posted by john.hazlehurst

The Wall Street Journal reported yesterday that Freedom Communications, parent company of the Colorado Springs Gazette and more than 100 other media properties, will file for bankruptcy this week.

The WSJ said that the chain would be taken over by the banks that hold the company’s debt and that present equity holders would be wiped out.

Continue Reading Freedom on brink of bankruptcy

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Try to remember, last November … when, thanks in part to two unpopular wars and a world financial crisis, Barack Obama swept into office, along with lopsided Democratic congressional majorities. Let’s see, it’s been 10 months since the election, and Obama’s been in office since January, and we’re mad! Mad! Mad! And we’re tired of… Continue Reading GOP could learn a few things from those dreaded Dems

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More than 200 people gathered this morning at the Pioneers Museum to kickoff “A City Worth Fighting For,” a campaign to persuade voters to approve a 10-mill city property tax increase. The campaign is led by councilwoman Jan Martin, who yesterday persuaded her council colleagues to refer the issue to the November ballot. Joining her… Continue Reading 200 gather in support of mill levy increase

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Are we, in fact, the “Best City in America,” as Outside magazine recently claimed? I dunno — I live here, and haven’t lived anywhere else since 1981, so I’m obviously prejudiced. I agree with Outside, but for reasons other than those they cited. Just in case you missed it, here’s what they wrote. “There’s a… Continue Reading The crazy thing is that here, crazy seems to work

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The not-so-magnificent 7

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Silos make running city efficiently an almost futile exercise Legacy businesses, as any MBA knows, are often characterized by “silos” — dysfunctional management and/or financial structures that have outlived whatever usefulness they might have once had. Like so many ancient grain elevators scattered throughout the Great Plains, silos in business and government might be functionally… Continue Reading The not-so-magnificent 7

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Silos: The city’s ‘Seven Samurai’

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PPRTA The Pikes Peak Rural Transportation Authority, approved by a countywide vote during 2004, is a separate governmental entity that is required by law to use the proceeds of a dedicated 1 percent sales tax to pay for transportation and transit improvements in the region. Because of its theoretically separate status, its revenue and expenditures… Continue Reading Silos: The city’s ‘Seven Samurai’

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Renowned cyclist Lance Armstrong and Colorado governor Bill Ritter are reportedly “in close touch,” and are jointly planning a professional stage race to be held in Colorado during 2011. Velo News, the international journal of competitive cycling, made the report earlier this week. Other western states, such as California and Utah host stage races. As… Continue Reading Armstrong, Ritter discussing Colorado cycling race

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Attorney Lindsay Fischer filed a lawsuit yesterday afternoon in El Paso County District Court challenging the city’s proposed issuance of certificates of participation to fund the proposed economic development agreement between Colorado Springs and the U.S. Olympic Committee.

Continue Reading Fischer sues to prevent COPs from being issued without a vote

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Commercial real estate vacancy rates are at an all-time high, according to a Hoff and Leigh real estate market report that tracks local properties for sale. The report says Class B office building vacancy rates are hovering around 38 percent. Class A vacancy rates are at about 25 percent. The historical norm for Class A vacancy is… Continue Reading Commercial real estate vacancies at all-time high

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The official celebration of the sesquicentennial of the founding of Colorado City during 1859 came and went without much fuss. Thanks to scores of neighborhood volunteers, a monument was erected, ice cream was eaten and the band played on. It was as homey and unpretentious as Colorado City itself, once the sort-of state capital, now… Continue Reading Perhaps it’s best we didn’t celebrate our barbaric past

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