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The author of the economic impact analysis describes the study as ‘the ultimate downside risk analysis.’
Continue Reading City can’t find data used to justify USOC deal

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Heimlicher resigning

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Colorado Springs City Councilman Jerry Heimlicher announced today that he will resign Sept. 30. Heimlicher has served on council since 2003, representing District 3, the southwest quadrant of the city. Heimlicher, a retired Ford credit executive of 38 years, said he has concerns about whether his executive pension will remain intact, given the auto industry’s… Continue Reading Heimlicher resigning

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Can they pull it off? Can two canny and accomplished women persuade the always skeptical voters of Colorado Springs to approve a property tax hike and rescue the city from the worst fiscal crisis it has experienced since the 1970s? Will Councilwoman Jan Martin and nonprofit leader Mary Ellen McNally enter the mythic pantheon of… Continue Reading Martin and McNally facing long odds with tax proposal

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Company reports more than $1 billion in debt Freedom Communications Inc., owner of more than 30 daily newspapers including The Gazette, filed for Chapter 11 bankruptcy protection in U. S. Bankruptcy Court in Wilmington, Del., this morning. According to Bloomberg News, the company said that it has assets of between $500 million and $1 billion, eclipsed… Continue Reading Freedom bankruptcy official

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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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