construction
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Gov. Jared Polis says Trump’s tariffs policy is disrupting Colorado’s exports, jobs
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A report released Thursday by Colorado’s governor said President Donald Trump’s tariffs policy is disrupting the state’s economy and courting a recessionary scenario. State economists have, in fact, been sounding the risk of a scenario for a year — preceding both the White House’s tariffs changes and the congressional budget that Democrats blamed for Colorado’s…
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Colorado Supreme Court considers restoring multimillion-dollar award to RTD subcontractor
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The Colorado Supreme Court announced on Monday that it will consider whether the Court of Appeals incorrectly threw out a $5.7 million award to a company that helped build a commuter rail line and, in doing so, endangered the ability of contractors to seek money they are owed going forward. At least three of the court’s seven…
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Apartment construction slows after years of frenzied building in Colorado Springs
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The red-hot pace of Colorado Springs-area apartment construction turned ice cold last year. From 2019 to 2023, multifamily developers pulled permits to build just over 14,000 apartments in the Springs and surrounding El Paso County — one of the hottest stretches of local apartment construction in recent memory that averaged a little more than 2,800…
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Colorado Springs apartment rents slumped again in the first quarter, new report shows
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Colorado Springs apartment rents fell again in the first quarter and the area’s vacancy rate remained high, more signs that the local multifamily market is overbuilt, a new report suggests. And, expect those trends of softer rents and higher vacancies to continue unless the pace of absorption, or apartment occupancy, ramps up significantly, one of…
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Meeting future El Paso County road needs would cost $2.44 billion
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El Paso County would need $2.44 billion to build all the projects outlined in a new transportation plan nearing completion. The Major Transportation Corridors Plan outlines 20 years of projects for the community and helps guide the roadwork that El Paso County requires of developers putting in new neighborhoods. It also helps calculate the road…
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El Paso County begins yearslong process to update zoning code
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El Paso County is starting a yearslong process to update its land-use development code, a document that will shape where and how new homes and businesses are built. The county’s development code was last updated 17 years ago, when about 588,000 people lived in the community. Since then about 151,000 new residents have moved in,…
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Proposed water rule that could limit annexations moves forward
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A proposed water-supply rule that could block properties from annexing into the city of Colorado Springs took a step forward Monday, with staff recommending against an alternative proposed by a developer. The draft rule requires Utilities to have 130% of the water required to serve existing city demand and the proposed future demand of a…
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Denver International Airport gains new businesses, eyes area development
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Denver International Airport officials added popular Denver restaurants to its lineup of 170 businesses in an effort to give travelers a taste of Denver. Meanwhile, Great Hall improvements continue as does the rollout of a program to spur development on airport land. From the recent opening popular VooDoo Doughnuts – known for its distinctive pink…
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Colorado Springs fee rebate program to encourage more affordable housing
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A proposed city of Colorado Springs fee rebate program for developers could help encourage more affordable housing for some of the lowest income residents in town. The proposal would score housing projects to reward them for setting aside a majority of the units in a project for those who need them most based on income…
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Denver airport needs stronger construction oversight: Audit
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Denver International Airport needs to improve its oversight of construction projects to avoid unnecessary spending and scheduling delays, a recent audit from the Denver Auditor’s Office found. “The airport is spending billions on a new runway, gate expansion, the Great Hall, security updates, and other construction projects,” Auditor Tim O’Brien said in a news release.…
