Tag: tatiana bailey
-
New housing needs assessment for Colorado Springs and El Paso County: ‘No market segment is adequately served’
For decades, Colorado Springs and El Paso County leapt rooftops ahead of housing demand and now fall so short that it’s uncertain whether catching up to the growing need is feasible, a new Regional Housing Needs Assessment shows. While the 314-page report concludes that “no market segment is adequately served,” sectors having the most problems…
-
Risky business: Modern-day gold rush lucrative for sellers, opportunity to buy for others
The world’s richest gold rush that began in 1891 in what became the Cripple Creek Mining District created endless lines of mined ore carts slogging down the mountain to smelting and milling operations in Colorado Springs. The current gold rush that started six months ago has produced steady lines of people at businesses that buy…
-
Risky business: Modern-day gold rush lucrative for sellers, opportunity to buy for others
The world’s richest gold rush that began in 1891 in what became the Cripple Creek Mining District created endless lines of mined ore carts slogging down the mountain to smelting and milling operations in Colorado Springs. The current gold rush that started six months ago has produced steady lines of people at businesses that buy…
-
Risky business: Modern-day gold rush lucrative for sellers, opportunity to buy for others
The world’s richest gold rush that began in 1891 in what became the Cripple Creek Mining District created endless lines of mined ore carts slogging down the mountain to smelting and milling operations in Colorado Springs. The current gold rush that started nine months ago has produced steady lines of people at businesses that buy…
-
Colorado Springs hotels, restaurants join in recovery as sales tax collections climb
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Already strong consumer spending in Colorado Springs shifted into overdrive in June, with hotels and restaurants joining the party as the city’s recovery from the COVID-19 pandemic continued to gain traction. Revenue from the city’s 2% sales tax in June, which came from sales in…
-
Colorado Springs hotels, restaurants join in recovery as sales tax collections climb
Already strong consumer spending in Colorado Springs shifted into overdrive in June, with hotels and restaurants joining the party as the city’s recovery from the COVID-19 pandemic continued to gain traction. Revenue from the city’s 2% sales tax in June, which came from sales in May, surged 30.4% from June 2020 — when many businesses…
-
Colorado Springs sales tax collections post biggest gain in 4 years
Colorado Springs sales tax collections surged in March to the biggest gain in more than four years amid booming online sales and housing construction, according to a report from the city’s Finance Department. Revenue from the city’s 2% sales tax surged 18.7% from March 2020 to $14.1 million. That’s the largest percentage increase since December…
-
Colorado Springs cost of living ties record
Rising apartment rents played a major role in pushing the cost of living in Colorado Springs to tie a 23-year-old record when compared with the national average, according to a new report. The local cost of living was 104% of the national average in the fourth quarter, up from 103.6% in the third quarter and…
-
Colorado Springs sales tax collections rise again despite pandemic
Colorado Springs sales tax revenues rose again last month as construction industry purchases remained strong and consumers ramped up spending heading into the holiday shopping season. Sales tax revenues in December, which were collected on November purchases, climbed 8.4% to $15 million on a year-over-year basis, according to a report by the Colorado Springs Finance…
-
Colorado economists agree slowdown is coming, but not on when
Facebook Twitter WhatsApp SMS Email Print Copy article link Save The Colorado and Colorado Springs economies have been booming for years, but several economists who follow both expect growth to slow over the next year and fall into a recession by late 2019 or early 2020. Current economic statistics reflect strong growth, including unemployment rates…