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Ho-hum: Springs economy staying the same

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What difference does a year make? When it comes to the Colorado Springs economy: very little. At this time last year, the city was optimistic about the path forward. Fred Crowley, professor of economics at the University of Colorado at Colorado Springs and principal of the Southern Colorado Economic Forum, predicted steady recovery. And he… Continue Reading Ho-hum: Springs economy staying the same

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As temperatures rise, the real estate market heats up. Summertime means a surge of real estate activity, which comes as no surprise to Colorado Springs real estate agents. They know it’s home-buying season. “We’re in a challenging market right now because of the recession,” said Joe Clement, broker owner of Remax Properties in Colorado Springs.… Continue Reading Springs’ Realtors in gear for home-buying season

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The city’s traditional shopping malls are facing challenges filling retail space. Anchor tenants are leaving, and vacancies are high. Yet mall managers are trying to put a good face on the matter and insist their vacancy problems are only temporary. The city’s two traditional, shopping malls, The Citadel and Chapel Hills malls, won’t offer statistics… Continue Reading Springs’ shopping malls battling vacancy rates

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Blake Allen, who owns Allen Realty in Manitou Springs, is unfazed by the The Citadel mall’s woes and is buying the vacant Macy’s building in hopes of staging a retail comeback. Investors and retailers, however, aren’t convinced. He has been in the process of buying the building since March and hopes to close at the… Continue Reading Investor holds on to hope for Macy’s building

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Gov. John Hickenlooper has asked the Colorado Limited Gaming Control Commission to overturn a 5-percent tax break for Colorado casinos in an effort to save funding for community colleges and historic preservation groups. While the gaming industry argues that the tax decrease will bring much-needed relief after three consecutive years of revenue losses, community colleges… Continue Reading Community colleges ask gaming commission to reconsider the 5-percent tax break

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Casino revenue is down in Colorado and most in the industry have posted a net loss for the last three years, so casino operators are looking forward to the relief that will come with a 5-percent tax reduction that goes into effect July 1. That tax cut will mean less funding for community colleges and… Continue Reading Casinos say tax break will ease their financial burdens

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Manitou enjoying 100 percent occupancy rate

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Don’t discount Manitou on account of its free-spirited reputation. It’s a thriving retail center with heavy traffic and a lot of appeal Continue Reading Manitou enjoying 100 percent occupancy rate

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Manitou’s parking solutions

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A three-story parking garage next to the Stagecoach Inn on the eastern end of Manitou Springs was one of the most popular ideas presented during a meeting about how to solve the city’s parking issues last week. The three-tier parking structure would cost an estimated $4.2 million to construct, would need $340,000 a year in… Continue Reading Manitou’s parking solutions

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Financial planners help people invest their money, grow it and organize it for retirement. But these days, more and more planners are simply helping them get out of debt. Debt management is now counted among the basic services offered at most financial planning firms in Colorado Springs. And it’s not a fringe service accessed by… Continue Reading Debt management a growing part of financial planning

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If someone were to break into Lockheed Martin’s vaults, grab millions of plans, load them into a truck and make a getaway, it would be a major crime. But when something like that happens in cyberspace, as it did earlier this week, it makes headlines, but causes few ripples outside the defense industry. That’s about… Continue Reading Cyber clampdown could mean business for Springs

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