by Jonathan Easley Published: November 12,2010
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 our responsibility [...] [...]
by Becky Hurley Published: September 30,2010
Tags: Chapter 11 bankruptcy, Colorado Crossing, Jannie Richardson, reorganization
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 the sale [...] [...]
by Becky Hurley Published: August 20,2010
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 his [...] [...]
by Becky Hurley Published: July 24,2010
Tags: Colorado Crossing, Janie Richardson, Sunshine Development
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 anything yet, [...] [...]
by Becky Hurley Published: June 19,2010
Tags: Colorado Crossing, theater
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 crowd, something [...] [...]
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