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It’s hard to know what to make of the latest flare-up between Mayor Steve Bach and five of the nine members of City Council. In a letter to Bach signed by Council President Keith King, Joel Miller, Andy Pico, Helen Collins and Don Knight, the five declared their opposition to any “local public funding” for… Continue Reading Fractious Council quintet oversteps boundaries

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Leaders’ C4C divide grows

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At a hastily called press conference Monday afternoon, City Council President Keith King and Board of County Commissioners Chair Dennis Hisey voiced their displeasure with Mayor Steve Bach and with the City for Champions proposal, which could be endangered as a result. The two officials presented letters addressed to Mayor Bach, which he had yet… Continue Reading Leaders’ C4C divide grows

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Time for C4C donors to step up

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For months now, naysayers and skeptics have been taking repeated potshots at City for Champions — many questioning the usage and revenue forecasts for the four projects, others criticizing the lack of transparency, but everyone wondering how organizers will make it to an acceptable bottom line. Through it all, we’ve been assured, there’s no reason… Continue Reading Time for C4C donors to step up

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Stadium’s fate could swing C4C outcome

  Of the four components in the City for Champions proposal, the downtown stadium concept has emerged as the least popular. Skeptical City Councilors have cast doubt on the facility’s estimated cost ($92.7 million), its optimistic attendance projections (781,000 by its fifth year) and its financial structure (100 percent from public sources). In the original… Continue Reading Stadium’s fate could swing C4C outcome

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Will we ever build anything in southwest downtown? Or will we just let the blight age like a fine single-malt whiskey? Surely the deserted area would be more picturesque with more cracks in the few sidewalks that remain, more broken windows, more potholes in streets that go nowhere, more parking lots where no one parks,… Continue Reading Are we destined to repeat our 1989 mistake?

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You can say one thing for City Council president Keith King: he can sure write a memo! At this week’s Council “Retreat” King presented a five-page action memo, laying out the course that he believes Council should follow as it turns its baleful eye upon the City for Champions proposal. For connoisseurs of this neglected… Continue Reading King unloads gargantuan plan for Council to evaluate C4C

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Analysis – primer on C4C tax increment financing

“Colorado Springs is the heart of the United States Olympic movement,” former Colorado College President Dick Celeste told City Council this week. “But unlike Pikes Peak, [the Olympic Committee] can move.” To forestall any such departure, Celeste suggested the city move vigorously forward with City for Champions, the four-project proposal to which the state Economic… Continue Reading Analysis – primer on C4C tax increment financing

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When President Franklin D. Roosevelt ran for a fourth term in 1944, his campaign seized on an old country aphorism to use as his re-election theme: “Don’t change horses in midstream!” But as every businessperson knows, different tasks require different skill sets. A company’s charismatic founder may not be the person to take the mundane,… Continue Reading Bach’s challenge – assemble folks to sell C4C

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Radical idea for financing C4C’s projects

As debates go, the ongoing discussion over how to finance the City for Champions downtown projects quickly boils down to a few questions. Will Colorado Springs taxpayers have to foot part of the bill? Would that mean a public vote by city residents? And if they don’t, who will provide the tens of millions in… Continue Reading Radical idea for financing C4C’s projects

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Strunk brings broad experience to Sanders’ company

Steve Strunk, president and CEO of newly formed PRS Holdings LLC., grew up in Schenectady, N.Y., and has decades of experience in the banking industry, including an appointment as Colorado state bank commissioner in 2010. After living in Philadelphia, Las Vegas, Albuquerque and Santa Fe, N.M., Dallas and Houston, in 2006 Strunk researched various cities,… Continue Reading Strunk brings broad experience to Sanders’ company

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