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Mayor Lionel Rivera apparently never told his fellow City Council members that he had a fiduciary relationship with LandCo Equity Partners CEO Ray Marshall. The relationship was revealed this morning during a hearing conducted by the city’s Independent Ethics Commission. John Cook, an attorney who has represented Marshall, told the commission that Rivera had been… Continue Reading Vice mayor: council never told about Rivera, Marshall link

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In an unanticipated development during Friday morning’s Independent Ethics Commission hearing, John Cook, a lawyer who has represented LandCo’s Ray Marshall in multiple lawsuits filed by Colorado Springs investor Jack W. Mason, confirmed that Mayor Lionel Rivera had been Marshall’s financial adviser at UBS from 2005 to early 2008. Cook came forward after attorney Lindsay… Continue Reading Lawyer confirms relationship between Rivera, Marshall

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People on the Move – June 12, 2009

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Wally Roy has joined CB&T Mortgage as a loan adviser. He has 10 years of mortgage experience. Jim Pagano has earned Leadership in Energy and Environmental Design Accredited Professional designation. He is a senior project manager for Nunn Construction Inc. Bob Blodgett has been named principal of Clifton Gunderson. He has nearly 35 years of… Continue Reading People on the Move – June 12, 2009

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Perry Sanders’ plans to convert the Mining Exchange Building and two adjacent properties into a luxury hotel would double the downtown hotel count – from one to two. But 82 years ago, a traveler seeking a hotel room would have had many more choices. According to the 1927 edition of Polk’s Colorado Springs Directory, downtown… Continue Reading Ghosts of travelers past

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It’s a staggering – and sobering – statistic. While construction accounts for one fifth of the U.S. work force, the recession has battered the construction industry. The result has been the loss of 990,000 jobs and a climb in unemployment to 18.7 percent for the year ending in April, according to Ken Simonson, chief economist… Continue Reading Region’s construction employment: stayin’ alive

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From the firm’s new headquarters on South 8th Street, John Egan, president of Southwestern Commercial Properties, took a few minutes to provide an overview of an ever-changing and sometimes challenging real estate development market. Among his top picks for the next round of new neighborhood and destination retail centers were the town of Monument, neighborhoods… Continue Reading Monument, Falcon lead likely development rebound list

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Doctors – from internists to specialists – are increasingly unwilling to accept new Medicare patients, and many are opting out of the program completely. In Colorado Springs, 5,000 Medicare patients were left with no primary care doctor when the Colorado Springs Osteopathic Foundation closed. Many doctors opt out of Medicare because of the “hassle factor,”… Continue Reading ‘Hassle’ causing doctors to avoid new Medicare patients

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Michael Velez had been a downtown retailer for 20 years, but last month he relocated Velez Gallery to Old Colorado City. The move was necessitated by what he believes is a changing retail environment in the downtown area. “I think downtown is a great place for night life, but people aren’t looking for window shopping,”… Continue Reading Velez already benefiting from move to Old Colorado City

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By Becky Hurley and John Hazlehurst   The U.S. Olympic Committee and the city are near agreement on a renegotiated deal that would ensure the USOC’s continuing presence in Colorado Springs. A high-ranking USOC official, who requested anonymity, characterized yesterday’s announcement that LandCo Equity Partners had dropped its lawsuit against USOC as “a positive step… Continue Reading New USOC deal nearing completion?

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A company that was created to help people walk away from their car leases early, seen a 29 percent increase in business in Colorado. “Last year, people wanted out of their SUV leases because of gas prices,” said spokesman Evan Sneider. “Now, they want out of their leases because of the economy.” People who want to… Continue Reading More drivers opting to leave car leases early

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