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Perry Sanders says that his plan to convert three downtown office buildings into a boutique hotel that would include upscale bars, restaurants, a health club and penthouse suites is ready to move forward. Continue Reading New downtown hotel plans moving forward

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The Associated Press WASHINGTON – The nation’s hospitals will give up $155 billion in future Medicare and Medicaid payments to help defray the cost of President Barack Obama’s health care plan, a concession the White House hopes will boost an overhaul effort that’s hit a roadblock in Congress. Vice President Joe Biden announced the deal… Continue Reading Hospitals to give back billions as part of health care deal

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The Colorado Housing and Finance Authority has rolled out a new program that reduces a homeowner’s federal tax. First-time homebuyers may use the Mortgage Credit Certificate program if they finance with a long-term fixed-rate mortgage. And homeowners who purchased a home that was financed with an adjustable-rate mortgage between Dec. 31, 2001 and Jan. 1,… Continue Reading New program reduces homeowners’ federal tax

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Colorado’s  Procurement Technical Assistance Center , which will be based in Colorado Springs, is scheduled to open this fall. Until Colorado received the PTAC approval, the closest procurement help center was in Wyoming. The Springs office is scheduled to open sometime during September or October. Paid for by a combination of state, local and federal dollars,… Continue Reading State PTAC office to open in Springs this fall

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El Paso County’s foreclosure rate for May was 1.6 percent – up 0.4 percentage point compared to May 2008 when the rate was 1.1 percent. Based on its latest report from First American CoreLogic, the Pikes Peak region’s foreclosure rate was still lower than the national rate of 2.5., representing a 0.9 percent increase on… Continue Reading El Paso County foreclosure rate lags national average

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The Associated Press NEW YORK – A banking group says consumer loan delinquencies rose to another record high in the first quarter. The American Bankers Association says a continued rise in unemployment has been the main culprit for the continued rise in delinquencies. The trade association said today the composite delinquency rate among eight types… Continue Reading Consumer loan delinquencies continue to rise

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The State of Colorado has launched a program called Own Your Future that seeks to help Coloradoans with long-term care. The program is a partnership between the U.S. Department of Health and Human Services, Colorado’s Medicaid program, the Divsion of Insurance, and long-term care providers. With a Partnership policy, Medicaid applicants can protect one dollar… Continue Reading State program an aid to long-term care planning

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WASHINGTON (AP) – New safety standards aimed at reducing salmonella and E. coli outbreaks are part of a government effort to try to make food safer to eat.A food safety panel established by President Barack Obama developed the new rules for eggs, poultry, beef, leafy greens, melons and tomatoes as well as for better coordination… Continue Reading Government introduces new food safety standards

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Despite a 34 percent year-to-year reduction in the construction of new single family homes and a 49 percent reduction in commercial construction, the amount of money El Paso County has collected from use taxes on building materials has more than doubled.
Continue Reading Despite downturn, county raking in use tax revenue

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The Chartered Property and Casualty Underwriters, and insurance trade organization, will hold its annual convention Aug. 29 through Sept. 1 in Denver. For the first time, CPCU will open its conference registration to non-society members. “The society must venture outside its comfort level and embrace the future by expanding its base of potential participants,” CPCU… Continue Reading CPCU insurance industry conference now open to non-members

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