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CSURA8100392
PROJECTS
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CopperRidgeMasterplan
Copper Ridge

Based on current market studies and the City of Colorado Springs’ Comprehensive and Long-Range Transportation plans; the specific development objective for the Plan is to construct the remaining segment of Powers Boulevard (a 4 lane expressway) from State Highway 83 to Interstate 25.

Approved by the Colorado Springs City Council on May 11, 2010. The area contains 24 legal parcels plus public rights-of-way located within the Copper Ridge at Northgate Metro District. The boundaries of the Area included approximately 289 acres of land. Geographically, it is situated immediately east of Interstate 25 and south of North Gate Boulevard, in northern Colorado Springs within the city limits. Based on current market studies and the City of Colorado Springs’ Comprehensive and Long-Range Transportation plans; the specific development objective for the Plan is to construct the remaining segment of Powers Boulevard (a 4 lane expressway) from State Highway 83 to Interstate 25. The primary component of the development will include approximately 640,000 sf. upscale retail space. Other proposed uses include: restaurant, office, hotel, mixed-use and entertainment.

Development and Design Objectives

Completion of Powers Boulevard is a priority project in the City’s Long-Range Transportation Plan. The roadway will be constructed by a special improvement district, financed with district bonds to be repaid using a mutually agreed upon portion of the sales and property tax increments generated by the retail center. Other objectives include:

  • Eliminate and prevent blight
  • Implement the City of Colorado Springs Comprehensive Plan
  • Ensure orderly growth
  • Stimulate development of vacant and underutilized land in and adjacent to the Area
  • Improve relationship between this area and surrounding areas
  • Increase property values and strengthen the City’s economic base
  • Provide uses supportive of and complementary to planned improvements (transportation, transit, utilities, parking, etc.)
  • Encourage a mix of uses and project types
  • Promote a variety of products to address multiple segments
  • Encourage continued presence of businesses consistent with the plan vision
  • Provide a range of financing mechanisms for private property re-investment and investment
  • Encourage public-private partnerships to implement the plan
  • Facilitate cooperation among government agencies
  • Advance higher standards through quality design and material selection
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Northgate Properties, LLC

Mr. Gary Erickson

1295 Kelly Johnson Blvd, Ste. 230

Colorado Springs, CO 80920

719 531-0707

Gary.Erickson@executive-

company.com

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