Home » Entries posted by John Hazlehurst (Page 59)
Entries posted by john.hazlehurst

Got $300,000 sitting around to invest in downtown real estate? Like fine old historic properties? How about the long-vacant downtown Chicago post office, once the world’s largest such facility? As the New York Times reported on Tuesday, it’ll be going up for auction on Aug. 27, and the minimum bid is $300,000. The building, constructed… Continue Reading Nice to see a bit of optimism being thrown around

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Colorado Springs attorney Lindsay Fischer has prepared a brief challenging the legality of the certificates of participation that the city intends to use to fund the proposed U.S. Olympic Committee deal.

Fischer, who also represents Central Bancorp chairman Ron Johnson in his complaint filed with the city Ethics Commission about Mayor Lionel Rivera, said that these COPs would be multi-year obligations, and as such must be approved by voters.

Continue Reading Fischer to challenge COPs

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Dueling “truth squads” sweltered in 90-degree heat on the steps of City Hall just before noon today, each determined to present their own spin on “Baby TABOR.” Continue Reading TABOR duel at City Hall

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Douglas Bruce apparently failed to collect enough signatures within the required time frame to put a proposed citizen initiative regarding city utilities payments in lieu of taxes on the November ballot. Under the city charter, which governs procedures for signature gathering and for submitting citizen initiated petitions, “all petitions shall be returned and filed with… Continue Reading Bruce misses signature-gathering deadline for November initiative

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As City Councilman Bernie Herpin predicted several weeks ago, the new U.S. Olympic Committee deal is very much like the old USOC deal, except that the city is now the only paymaster.

The cost of the deal: more than $50 million. Continue Reading City pays, USOC stays

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Most public employees in El Paso County must, by state law, join the Colorado Public Employees Retirement Association.PERA covers the employees of Memorial Health System, Colorado Springs Utilities, the City of Colorado Springs and of every public school district in the county – but not employees of El Paso County. County employees, as well as… Continue Reading County pension plan at crossroads

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Who’s the smartest guy on the block? Not Bill Gates — Microsoft is the past, not the future. Not Warren Buffett — he managed to lose plenty during the world financial meltdown, even though he knew it was coming. Not Nobel laureate/New York Times columnist Paul Krugman — he writes eloquently and convincingly, but he’s… Continue Reading Better start practicing that ‘bouncing dead cats’ thing

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The city has apparently forgotten to turn in homework on time. It has failed to meet the July 24 deadline to submit notice for participation in the November election as required by state statute. So, whether Colorado Springs issues will be included on the ballot depends on whether County Clerk and Recorder Bob Balink will… Continue Reading City misses county election deadline

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Despite El Paso County’s ongoing financial woes, County Commissioners won’t be asking the voters to approve any new taxes. “I think we need to make it clear that we won’t be going to the voters and asking for a tax increase,” said Board Chair Jim Bensberg, after the commission had received a grim overview of… Continue Reading County commissioners decide against tax increases

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Early this afternoon, City Councilman Bernie Herpin confirmed that Colorado Springs and LandCo have resolved their lawsuit.
Continue Reading LandCo, city reach resolution of lawsuit

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