If the plans of the Copper Ridge project team are fully realized, the quiet area surrounding the upscale Flying Horse community could see the completion of a major thoroughfare and the beginnings of a regional mall within two or three years. Rather than worrying about traffic, pollution, noise and safety, it appears that at least [...] [...]
Under the Copper Ridge retail development deal, the Colorado Springs Urban Renewal Authority would have to issue up to $105 million in “special district” revenue bonds to finance the Powers Boulevard extension. Special district bonds became popular during the recessionary 1980s, as cities and counties were increasingly unable to fund infrastructure projects. These bonds are [...] [...]
2005: Gary Erickson buys a 320-acre parcel of land from Picolan Inc. for $38.3 million. A year later he meets Kevin Hawkins, a veteran retail developer, at an International Council of Shopping Center convention in Las Vegas and signs his first agreement to develop the property. 2007: The developers present the City of Colorado Springs’ [...] [...]
The Colorado Springs City Council rolled the dice in its decision this week to approve an urban renewal plan for Copper Ridge at Northgate, a 2.5-million-square-foot retail development that’s proposed on 200 acres of undeveloped land southeast of Interstate 25 and North Gate Road. Let’s hope it all works out. Any argument that an undeveloped [...] [...]
Colorado Springs city council voted unanimously yesterday to approve an urban renewal plan for Copper Ridge at North Gate, a 2.5 million square-foot retail development on 200 acres of undeveloped land southeast of Interstate 25 and North Gate Boulevard. The urban renewal designation makes the project eligible for tax breaks that will help pay for a [...] [...]