Author: RICH LADEN and BREANNA JENT The Gazette
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A blue light special? Chapel Hills Mall in Colorado Springs sells for deep discount
East Coast buyers have completed their purchase of the Chapel Hills Mall in Colorado Springs – paying a seemingly bargain-basement price of $33.5 million or less than half of what the property sold for seven years ago, El Paso County records show. “It sounds like a heck of a discount,” said Mark Useman, executive managing…
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New York investors plan to buy Chapel Hills Mall in Colorado Springs
In the latest shakeup of Colorado Springs’ retail landscape, a New York investment group that owns The Citadel mall is buying the Chapel Hills Mall. The deal comes after Chapel Hills’ financially troubled owner was sued last year by a lender that also foreclosed on the mall property, court records show. With Chapel Hills’ acquisition,…
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Pikes Peak tourism industry rues closure of Cog Railway
The Pikes Peak Cog Railway isn’t the region’s only tourist attraction, yet its closure over the next few years looms over the area like its namesake mountain. Manitou Springs, where passengers board the 126-year-old railway for three-hour, scenic round trips to the summit of Pikes Peak, will take in about a half-million dollars less in…
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Mile High City comes to Pikes Peak: Denver restaurants and bars expand to Colorado Springs
Don’t bother driving an hour or more to visit some of the Denver area’s trendier restaurants, pubs and entertainment venues. They’re coming to Colorado Springs. Pikes Peak region residents love to eat and drink, of course. But the area’s population growth, an influx of millennials, cheaper labor costs and an engaging quality of life are…
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First step taken in revitalization of downtown Colorado Springs City Auditorium block
An effort to revive an urban renewal project for downtown’s City Auditorium block has cleared an initial hurdle, after a consultant found evidence the site is blighted and therefore eligible for redevelopment. The Colorado Springs Urban Renewal Authority this week approved a draft report by DSC Consulting of suburban Denver, which found a half-dozen examples…
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State officials revoke license for Colorado Springs-area financial adviser
Colorado Securities Commissioner Gerald Rome has revoked the investment licenses of a Colorado Springs-area financial adviser and his company that sold securities without proper authority from the state. Richard Lynn Bearden, of Monument, violated the Colorado Securities Act when he acted as an “unlicensed broker-dealer” by selling securities for Cell>Point LLC, a biopharmaceutical company, Rome…
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Omelets Etc. plans third location on Colorado Springs’ north side
It’s et cetera, et cetera, et cetera for Omelets Etc. The locally owned, popular breakfast-and-lunch restaurant, which opened in 2010 on Colorado Springs’ West Side and expanded to the southeast last year, plans to add a third location on the city’s fast-growing north side this summer. Omelets Etc. has leased nearly 2,500 square feet in…
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Vice President Mike Pence to speak in Colorado Springs at next month’s Space Symposium
Vice President Mike Pence will speak in Colorado Springs on April 16 as part of the 34th Space Symposium, the Springs-based Space Foundation announced Monday. Pence will speak at noon that day during a special presentation before the Space Symposium’s opening ceremony. “The vice president’s participation at the symposium indicates the priority this White House…
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William Shatner to speak at University of Colorado at Colorado Springs’ innovation program dinner
Capt. Kirk is beaming down to Colorado Springs next month. William Shatner, who played Kirk on the original “Star Trek” television series and a series of movies, will headline a 10th anniversary dinner in celebration of the University of Colorado at Colorado Springs’ bachelor of innovation degree program, the school said Friday. The dinner takes…
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Olympic Museum moving ahead on search for CEO of Colorado Springs venue
U.S. Olympic Museum officials have a short list of CEO candidates and expect to have that leader on board later this year. They began with more than 50 candidates after launching a national search last year. They now have fewer than a dozen, said Dave Ogrean, the search committee chairman and former executive director of…