We had the pleasure of hosting Sarah Humbargar, Vice President of Development Services for the Downtown Partnership, on this week’s show to talk about bike share, the number of new apartment units coming into downtown and other projects that have broken ground or will break ground in 2018. This week’s COS By the Numbers is inspired by the report, which you can find here. On with the numbers!
The number of lawyers President Trump has convinced to represent him in the ongoing Mueller investigation (what, you thought I was talking only COS Downtown?!). With Trump’s most recent attorney John Dowd stepping away from representation, the President is on the hunt for someone, anyone, to represent him as he continues to deal with the Mueller investigation. Mueller, perhaps sensing he can lure the Donald into a meeting without legal representation (DON’T DO IT DON!) recently announced that the President was “not a target” of the probe, merely a “subject.” It’s almost like Mueller can sense that the President is a totally unhinged egomaniac that has a hard time listening to his advisers.
The number of apartment units currently in construction in the Downtown core. According to the State of Downtown report the city has the ability to absorb 2,000 to 3,000 units in the near term. That would essentially double the number of apartment units that are currently available. Get with it developers! More people living downtown could justify a new grocery store which would allow us to avoid the sketchy King Soopers on Uintah and the even more sketchy Safeway on Wahsatch.
Expected tax revenues the city would receive (pre-TABOR) over the next 30 years if development moves ahead on Banning Lewis Ranch. Building has progressed slowly on the land due to what many call an onerous annexation agreement that requires developers to pay for what they consider a “burdensome” amount of infrastructure and fees. Proponents of amending the annexation agreement worry that development will “leap frog” the city, costing revenue, jobs and infrastructure funding. Advocates of the stringent annexation agreement argue that developers should bear the infrastructure costs if they want to build on the ranch. The question; is $49 million over 30 years worth it?
Despite incredibly low snow pack and a generally dry winter, Colorado Springs Utilities has managed to squirrel away the equivalent of three years worth of water in its reservoirs. No water restrictions for us this year! With that said, Utilities is also projected to see water revenues increase; with the extra funds going towards the closure of Drake Power Plant. Just joking.
The size of Hitch Rack Ranch, south of Colorado Springs off of Highway 115. Transit Mix is aiming to build a new quarry on a portion of the site, vacating the quarry location north of the city. Environmental groups and local residents oppose the move, but Transit Mix is dangling some excellent carrots – including aiding in the creation of the Colorado Springs Bike Park – which would be the largest in the State. We have to admit, the renderings look pretty awesome. However, keep in mind that the company is simply shifting locations, not closing shop. Which makes it a zero sum proposition if you don’t like quarries, but a big win if you love downhill mountain biking.