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Oakwood ready for Banning Lewis home construction

Oakwood Homes of Colorado was expected to complete its purchase of 2,200 acres in Banning Lewis Ranch this week and is eager to let the building begin. Continue Reading Oakwood ready for Banning Lewis home construction

The 21,500-acre Banning Lewis Ranch planned housing development on the east side of Colorado Springs is slated to sell today in a Delaware bankruptcy auction. Attorneys representing the Banning Lewis management company and the City of Colorado Springs said they were waiting for the auction to start this morning. The swath of land between Woodmen… Continue Reading Banning Lewis Ranch goes to bankruptcy auction today

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Banning Lewis Ranch up for sale

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The bankrupt Banning Lewis Ranch is for sale. New York-based Eastdil Secured has been hired to sell the 20,500-acre property on the east side of Colorado Springs. The land has been the source of a contentious legal battle since the property’s owner, Calif.-based Banning Lewis Ranch LLC, filed for bankruptcy in October. Click here to… Continue Reading Banning Lewis Ranch up for sale

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Open-space advocates cast eye on Banning Lewis

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Open-space advocates hope the bankruptcy of the company that owns the 21,000-acre Banning-Lewis ranch may pave the way to the creation of a vast regional park in southeastern Colorado Springs. The park would link the 522-acre Corral Bluffs open space with the 693-acre Jimmy Camp Creek Park. Phyllis Cahill, who helped lead the fight to… Continue Reading Open-space advocates cast eye on Banning Lewis

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Banning Lewis Ranch Co., the Newport Beach, Calif.-based company trying to develop the 21,400-acre ranch on the far east side of Colorado Springs, left quite a few area companies on the hook when it filed for bankruptcy last week. The company’s bankruptcy papers listed $242 million in debt related to the project, though companywide liabilities… Continue Reading Banning Lewis bankruptcy leaves local firms in a lurch

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The countdown has begun for Banning Lewis Ranch LLC, one in which it either reorders its finances and tries to get back to work or sells off what it can and dissolves away. In the wake of its Oct. 27 bankruptcy filing, the company has 120 days to file a reorganization plan that satisfies creditors… Continue Reading Long road ahead for Banning Lewis after bankruptcy

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