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Entries posted by john.hazlehurst

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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The city’s plan to collect delinquent stormwater fees by converting them into tax liens might be in trouble.

At this morning’s meeting of the Board of County Commissioners, former commissioner and TABOR author Douglas Bruce appeared before the commission and told them that, in his opinion, County Treasurer Sandra Damron does not have the authority to issue or collect such linens.

Continue Reading Plan to collect overdue stormwater fees leaking

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State Games called a “home run” for city

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The final athlete participation count hit a near-record 10,312 with competitors from 48 states coming to Colorado Springs for the third straight year.Opening ceremonies were held on July 30 at the Colorado Springs World Arena drew a sellout throng of 9,522 fans to see 2008 Olympic freestyle wrestling gold medalist and hometown hero Henry Cejudo… Continue Reading State Games called a “home run” for city

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City approves USOC deal

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At a brief and sparsely attended meeting this afternoon, City Council approved the new economic development agreement with the U.S. Olympic Committee and agreed to settle the lawsuit that LandCo Equity Partners filed against the city in federal court.
Continue Reading City approves USOC deal

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Attorney Lindsay Fischer, who has publicly expressed doubts about the legality of the city’s plan to fund the economic development agreement with the U.S. Olympic Committee, says the city is making last-minute changes to the deal’s funding structure.

Continue Reading Fischer: City changing COPs plan

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Personal income growth fell sharply from 2007 to 2008 in 322 of the nation’s 366 metropolitan statistical areas, including Colorado Springs.  The Bureau of Economic Analysis says growth increased in 42 MSAs and was unchanged in two. On average, MSA personal income grew 3.3 percent during 2008, down from 6 percent during 2007. Personal income growth in the Colorado… Continue Reading Income growth slows locally, nationally

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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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