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Nonprofits add to local economy

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A large chunk of revenue, totaling more than $220 million each year, is brought to Colorado Springs by the nonprofit organizations in the area. The headquarters of the nonprofit organizations, which total 48, also bring an estimated $9.8 million into the local economy through visitor spending. These results were recently released by the Greater Colorado… Continue Reading Nonprofits add to local economy

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MAX poised to take over old airport

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Mountain Air Express, Western Pacific’s commuter airline, has recently announced it will call the former Colorado Spring’s airport its new home. The 110,000-square-foot airport, which is located at 5750 Fountain Blvd., will serve as the new airline’s headquarters, with MAX utilizing up to 50% of the 55,000 square feet leased. Mountain Air Express will use… Continue Reading MAX poised to take over old airport

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Broadmoor Resort living

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Broadmoor resort living continues through the luxury housing development of Broadmoor Resort Community. Located along the foothills south of The Broadmoor hotel, Broadmoor tradition is recreated in the Broadmoor Resort Community. This development offers homebuyers exclusive homes and homesites in a gated and secure setting. Tom Schmidt, director of development for the Broadmoor Resort Community,… Continue Reading Broadmoor Resort living

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LKA expands

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After expanding as much as they could in Colorado Springs, the architectural planning services firm of LKA Partners has opened an office in Denver. Jim Strange, a principal in the 30-year-old firm, explained that LKA has had a good year winning contracts. It has grown from 22 employees last year to 36 this year, including… Continue Reading LKA expands

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Warehouse Condominiums Being Developed

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Tri-Western Construction Co. is ready to begin building a 35,000-square-foot office-manufacturing-warehouse complex at 4630 Forge Road, just off the Garden of the Gods corridor, and has plans for another complex in the 6300 block of Platte. Ashton Randall, of Tri-Western Construction, said he is ready to begin building the complex, which should be completed in… Continue Reading Warehouse Condominiums Being Developed

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Tutt inducted into Business Hall of Fame

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Add one more accolade to the distinguished career of William Thayer Tutt, albeit posthumously. Tutt was inducted into the Colorado Business Hall of Fame last week. Tutt, best known as president of The Broadmoor hotel from 1961 to 1977 and promoter of amateur sports internationally and specifically in Colorado Springs, died in 1989 at the… Continue Reading Tutt inducted into Business Hall of Fame

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Casinos grow

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Colorado casinos ended their fifth year with continued double-digit growth after recording $37.4 million in adjusted gorss proceeds in September, according to figures released this week by Division of Gaming officials. Cripple Creek’s 26 casino reported $10.5 million in AGP in September, down less than $100,000 from August, which accounted for 28.2% of the statewide… Continue Reading Casinos grow

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Sears sells Broadmoor homes

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Greeley-based Sears Real Estate has come to Colorado Springs as the developer and sales office for Broadmoor Village at 4112 San Felice Pointe. Joe Whisenand, president of Sears and Co., said Sears Real Estate has 25 agents in Colorado. The company develops subdivisions, constructs new homes, and helps other developers sell their developments. In Colorado… Continue Reading Sears sells Broadmoor homes

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Shopping for office space has gotten tighter in the last three months as vacancy rates have dropped from 7.6% in June to 6.9% by the end of September. Vacancy rates for Class A office space have shown a similar decline from 6.3% in June to 4.9% in September. Turner Commercial Research, which tracks 34 Class… Continue Reading Office vacancy rate drops, speculative building is slim

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CU-Springs seeks funding

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University of Colorado at Colorado Springs has requested $2.3 million to begin a $27.5 million library expansion at the campus. The remaining funds have been requested in two installments of $11.8 million in 1998 and $11.5 million in 1999 to finish the job. CU-Springs, which is undergoing $42.5 million worth of construction, needs the library… Continue Reading CU-Springs seeks funding

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