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Colorado Crossing closer to resolution

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

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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The SRKO Family Limited Partnership filed for Chapter 11 bankruptcy on Friday, Feb. 19,  in U.S. Bankruptcy Court in Denver. The company is owned by local developer Jannie Richardson. The action signals a new phase in the life of the beleaguered 150-acre Colorado Crossing multi-use development at Interquest and Voyager parkways. Richardson had been under… Continue Reading Developer files Chapter 11

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