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Colorado Crossing for sale

Colorado Crossing for sale

There will be a sealed bid auction for the 190,000-square-foot Colorado Crossing, ordered by the bankruptcy court. The property at InterQuest and Voyager parkways is 134 acres of development land that has been partially built out to 60 percent to 85 percent. Some $50 million has been spent on the north Colorado Springs property. There… Continue Reading Colorado Crossing for sale

Colorado Crossing closer to resolution

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Litigation in the long-contentious Colorado Crossing suit took a decidedly forward step last week in U.S. Bankruptcy Court. Colorado Crossing developer Jannie Richardson and SRKO Family Limited Partnership owe 40 contractors and subcontractors more than $17 million from the derailed development in northern Colorado Springs. Colorado Crossing was the vision of developer Richardson and her… Continue Reading Colorado Crossing closer to resolution

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The largest creditor in the Colorado Crossing collapse has filed a competing bankruptcy reorganization plan that would allow it to seize control of a large part of the stalled project. The filing by GE Johnson Construction Co. challenges the developer of the project, SRKO Family Limited Partnership, on practically every front. “We thought it was… Continue Reading Colo. Crossing creditors push back, fight for control

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Attorneys representing Colorado Crossing developer Jannie Richardson have filed a Chapter 11 reorganization plan that calls for the sale of 17.5 acres of the 153-acre parcel to pay off debt. The filing comes after of an extension was granted by the U.S. Bankruptcy Court earlier this summer. The proposed plan, filed with the court last week, calls for… Continue Reading Colorado Crossing’s Richardson files reorganization plan

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At least two of the largest lienholders in the Colorado Crossing development fiasco have discussed the possible takeover of the project from developer Jannie Richardson. Jim Johnson, the CEO of G.E. Johnson Construction, of one of the companies owed money in the project’s collapse, said no firm plans have emerged from the talks but that… Continue Reading Creditors in Colorado Crossing consider takeover

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Could the Colorado Crossing project in north Colorado Springs soon spring back to life? That seems improbable, at least in the short term, but a determined Jannie Richardson, the developer whose company filed for Chapter 11 bankruptcy protection, says she is working with a lender interested in financing her 150-acre mixed-use project. “I can’t say… Continue Reading Colorado Crossing developer hopes to land financing

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The theater stands empty at Colorado Crossing, a silent, eerie testament to a developer’s failed ambitions. Flanked by the skeletons of two drab and unfinished office buildings, the 14-screen theater is all-but complete but appears unlikely to ever screen its first film. Less than a half-mile away, the bustling multi-screen Hollywood Theater draws a regular… Continue Reading Theater sits vacant, fate uncertain

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