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Memorial paints rosier financial picture

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Memorial Health System’s financial picture is looking pretty rosy these days – thanks to some changes made internally and to the rebounding stock market. Memorial reported January earnings at $4.8 million, exceeding its budget and the previous year’s numbers. The information was part of the hospital’s monthly report to the Colorado Springs City Council. “In… Continue Reading Memorial paints rosier financial picture

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Ivywild project closer to final approval

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The Ivywild revitalization project will receive final approval at Tuesday’s formal Colorado Springs City Council meeting. The project, which involves buying and renovating the Ivywild Elementary School, will be developed using tax increment financing from both property taxes and sales taxes. State law allows TIF to be used to finance projects in “blighted” areas. Mike… Continue Reading Ivywild project closer to final approval

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Mayor Steve Bach will meet monthly with the Colorado Springs City Council in what he is calling the “Mayor’s Counsel.” The idea, he said, is that the City Council might need some counseling from him and he might need some counseling from them. “We are peers, they are not my Council,” he said. The monthly… Continue Reading Bach will host monthly meetings with City Council

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Council to vote on UCH proposal tomorrow

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The proposal to allow University of Colorado Hospital to lease Memorial Health System is one step closer to reality after today’s informal City Council meeting. The council decided to vote on the issue during tomorrow’s formal  meeting for an official vote, including a separate vote about setting up a committee for the lease negotiations. The… Continue Reading Council to vote on UCH proposal tomorrow

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The Colorado Springs City Council handed Mayor Steve Bach a rare defeat during yesterday’s formal council meeting when it voted down Bach’s request to deny stepped salary increases worth $749,000 for city employees. Continue Reading Bach loses mayor/council showdown

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A new solar company that aims to make solar available to the masses will host a celebration of its City Council approval along with an informative question- and-answer session at City Rock, 21 North Nevada Avenue, this evening from 5:30 to 7 p.m. City Council members Brandy Williams and Jan Martin will be at the… Continue Reading Community solar garden celebration tonight at City Rock

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Banner Health, which has four hospitals in Colorado, plans to bid to lease Memorial Health System. The hospital system operates in seven states, and has a graduate resident program at one of its locations in Phoenix, Ariz. Its Colorado holdings are smaller, with hospitals in Loveland, Greeley, Sterling and Brush. However, that presence makes the… Continue Reading Banner Health will bid for Memorial Health System

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City council approves SunShare initiative

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The Colorado Springs City Council unanimously approved regulations Tuesday that will allow a local start-up to build a community solar garden. Several community members showed up to voice their support for the initiative that will allow Colorado Springs Utilities customers to lease solar panels in a remote community solar garden and collect the credits for… Continue Reading City council approves SunShare initiative

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What is the Regional Leadership Forum?

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The Regional Leadership Forum made headlines last week when the Colorado Springs City Council tapped it to sort out requests to lease Memorial Health System. But what — and who — is the Regional Leadership Forum? It’s a private, volunteer group comprised of business and community representatives from the city’s most powerful organizations that has… Continue Reading What is the Regional Leadership Forum?

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Doctors: Memorial is suffering

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Doctors who attended a City Council meeting this week had a message for city leadership: Turn Memorial Health System into a nonprofit. Oh, and hurry up. Speaking in favor of a ballot initiative this week that asks whether the city should end its 62-year obligation to levy taxes if Memorial Health System’s finances needed help,… Continue Reading Doctors: Memorial is suffering

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