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WestPac receives $20 million cash infusion

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<H3><I>Gaylord, Hunt, and Peiser invest in Springs-based airline</I></SUBHEAD><B>By KAREN SUCHARSKI</B> <FONT SIZE=-1><I>Staff Reporter</I></FONT> Last week, the Gaylord and the Hunt families expressed their continued faith in the new direction Western Pacific Airlines is flying with a cash infusion of $20 million. The funds include a $2.5 million loan each family made in December to help… Continue Reading WestPac receives $20 million cash infusion

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Northeast subdivisions planned

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Three new residential subdivisions are under development in an area northeast of Colorado Springs. A 384-acre parcel of land has recently been sold to Windridge Development and will be divided into five-acre parcels for residential building. The purchase price of the land was $630,000. The land is located on Hodgen and Steppler Roads, which is… Continue Reading Northeast subdivisions planned

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Amerigas Opens Store In Colorado Springs

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The nation’s largest propane dealer opened a store in Colorado Springs recently. Amerigas has put down roots in the 2,160 square foot industrial building at 2412 S. Hancock Expressway. But the roots will not be permanent. Market development manager David Fuson said this location is temporary while Amerigas looks for a permanent location to build… Continue Reading Amerigas Opens Store In Colorado Springs

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McGinnis Opens Stock Ownership Plan

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McGinnis Better Homes and Gardens real estate services formed an Employee Stock Ownership Plan and joined a growing list of progressive businesses whose employees are stockholders. When the transaction is complete, the employees of McGinnis and Associates will own a significant percent of the company. The buy out of this portion of stock will take… Continue Reading McGinnis Opens Stock Ownership Plan

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Brueggers to Open New Bagel Store

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Brueggers Fresh Bagel Bakery is preparing to open its third store in Colorado Springs. Expected to open in July, the store at 3504 N. Academy Blvd. will offer something a little different than the regular Brueggers, said regional manager Brent Harl. He declined to say what Brueggers customers can expect. The 3,308 square foot store… Continue Reading Brueggers to Open New Bagel Store

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Home American moves, merges

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Home American Mortgage Corp. recently merged with Richmond Homes of Denver. “We (Home American Mortgage) do all the lending for Richmond,” said Jo Ann Whisler, Home American Mortgage office manager. The two companies that once occupied two different suites at 6455 N. Union Blvd. moved into the 3,709 square foot suite 202 at 5353 N.… Continue Reading Home American moves, merges

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Space Mark to consolidate

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Space Mark Inc., a military contracting firm, will relocate and consolidate its operations into a building on Tech Center Drive, which will cover more than 20,000 square feet. The new location, located adjacent to the present site at 5475 Tech Center Drive, is scheduled for completion this spring. Another office on North Tejon Street will… Continue Reading Space Mark to consolidate

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Magneto optical drive company prepares to expand

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MOST Inc., a magneto optical drive manufacturer headquartered in Cypress, Calif., with operations in Colorado Springs, has just been awarded several large contracts totaling $10 million. The work on the contracts will be conducted in Colorado Springs, allowing the company, which currently employs 120 in the city, to expand its staff. The MOST Manufacturing facility… Continue Reading Magneto optical drive company prepares to expand

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Kiowa parking set to expand

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A parking garage addition, which will be added to existing space at 127 E. Kiowa St., will house approximately 220 new spaces to ease the parking problems that have surfaced in downtown Colorado Springs during the past several years. The total cost of the parking lot renovations will be approximately $2.4 million. The addition is… Continue Reading Kiowa parking set to expand

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US Filter waters down growth to maintain quality

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After doubling revenues in each of the past two years to more than $50 million, the local manufacturing division of US Filter Corp. plans to slow down. Company officials have set a goal to reach revenues of $80 million to $100 million by the year 2000. “It has been a mind-boggling year for the Colorado… Continue Reading US Filter waters down growth to maintain quality

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