Author: Wayne Heilman
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Work underway on $500M project to serve as ‘new front door’ for Air Force Academy
A $500 million project to build what developer Dan Schnepf calls a “new front door” for the Air Force Academy is underway after more than a decade of planning. TrueNorth Commons, spread over 32 acres just outside the security checkpoint of the academy’s north gate, is planned to include a new, larger visitors center, a…
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Banking operations of Colorado Springs-based Central Bancorp being sold in $75M deal
A Midwest-based holding company has agreed to buy the banking operations of Colorado Springs-based Central Bancorp in a $75 million cash deal expected to be completed in the second half of the year. CrossFirst Bankshares of Leawood, Kan., is acquiring Farmers & Stockmens Bank of Clayton, N.M., which is Central Bancorp’s bank subsidiary; Farmers &…
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Colorado Springs independent medical practices become a rare breed
Dr. Vinh Chung, co-founder and co-owner of Vanguard Skin Specialists, believes doctors and lions have something in common — both would rather have freedom than security. “If you are a lion on the African savanna, you are powerful and king of the jungle,” Chung said. “You will live 23 or 24 years and most die from…
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Hotel building boom underway in Colorado Springs
One of the Colorado Springs area’s biggest waves of hotel construction in the last quarter century will add three-dozen new properties and more than 4,100 rooms over the next two years, including a high-profile downtown hotel set to open this week. A healthy economy and tourism industry, along with a dearth of hotel construction over…
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Colorado Springs businesses feel the sting of inflation
Editor’s note: This is the second of a two-part series on inflation. The first part appeared on Page 1 of last Sunday’s Gazette. As consumers beset by rising prices struggle to put food on their tables and gas in their vehicles, businesses are being hammered as well — with many forced to pass their growing costs onto…
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Tourism outlook: Pent-up travel demand will boost visitor numbers in the Pikes Peak region
Colorado Springs tourism leaders are optimistic that visitors will return to the Pikes Peak region in near-record numbers as the two-year-old COVID-19 pandemic fades from view. Officials believe Americans are ready to take vacations after two years of trying to avoid infection, and they are spending heavily to bring those visitors to the region. Visit…
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Space Foundation CEO to retire after next year’s symposium
Tom Zelibor, who has led the Space Foundation for five years through a major expansion and helped it survive the COVID-19 pandemic, will retire next spring after the 2023 Space Symposium. The Colorado Springs-based nonprofit last month extended his contract, which would have expired April 30, until the organization can complete a national search and find…
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Colorado Springs auto dealer Phil Winslow named to hall of fame
Phil Winslow, co-owner of Winslow BMW and six other Colorado new vehicle dealers, will be inducted into the Colorado Automotive Hall of Fame during a ceremony May 26 at The Broadmoor in Colorado Springs. Winslow has owned the dealership that bears his name for more than 60 years through three locations. Last year, he won…
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Vectrus earnings decline sharply in first quarter on merger costs
Costs related to its upcoming merger with The Vertex Co. cut first-quarter profits for Colorado Springs-based defense contractor Vectrus by 76.3% from the same quarter last year. The company has agreed to merge with Madison, Miss.-based Vertex to form a defense contractor that will be among the nation’s 20 largest. Vectrus spent more than $9…
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2 Colorado Springs firms named best workplaces by Inc. magazine
Bluestaq and Summit Wealth Group, based in Colorado Springs, were among 18 Colorado companies and 475 employers nationwide named Best Workplaces for 2022 by Inc. magazine. Bluestaq, a government contractor that employs 70 people, also was included in last year’s list. Summit Wealth, a financial planner that employs 66 people in eight locations, last year…