Title
222 E. Pikes Peak Ave
Presenter:
Craig Blewitt, Transit Services Manager
Travis Easton, P.E. Director of Public Works
Body
Summary:
The City proposes to use a public private partnership model to create a mixed-use development comprised of a new multimodal downtown transit center to replace its existing Downtown Transit Terminal currently located at the southwest corner of Nevada Avenue and Kiowa Street. The project also would include public parking facilities and private uses. Private uses could include new residential, office, retail, restaurant, or hospitality development. The site location is northeast of the intersection of Nevada Avenue and Pikes Peak Avenue in the core of the downtown. The site is owned by the Norwood Development Group, and it is located within the City Auditorium Block Urban Renewal Area.
All involved parties, including the City of Colorado Springs (City), the City Parking Enterprise, Norwood Development Group (Norwood), and the Colorado Springs Urban Renewal Authority (CSURA), have reached a cooperation agreement to proceed with a collaborative planning and engineering process to prepare concept and schematic plans. These plans will develop and refine the project design, provide a cost estimate, and determine respective responsibilities among the partners. The process will enable the parties to prepare formal agreements that will address how they will proceed with development.
City Staff and representatives of the Norwood Development Group will present the proposed project, the agreement provisions, next steps, and timeline.
Background:
The City proposes to use a public private partnership model to create a mixed-use development comprised of a new multimodal downtown transit center to replace its existing Downtown Transit Terminal currently located at the southwest corner of Nevada Avenue and Kiowa Street. The new development is intended to operate as a multimodal transportation center to serve as a hub for ...
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