TITLE
The Broadmoor
Downtown Colorado Springs
INTE RSTATE
25
Academy Blvd.
M
ilt
on
E.
Pr
ob
yP
S. Powers Blvd. kw
y.
Air Cargo Rd. Colorado Springs Airport
Northrop Grumman
S. Powers Blvd.
The Aerospace Corporation
N
DEVELOPMENT PROSPECTUS For More Information, Please Contact:
ALEC RHODES, sior
DAVE JOHNSON, ccim
AARON VALDEZ
Managing Director +1 303 312 4282 alec.rhodes@cushwake.com
Managing Director +1 303 312 4245 dave.johnson@cushwake.com
Director +1 303 312 4204 aaron.valdez@cushwake.com
Colorado Springs, Colorado | 1
900 ACRE MASTER PLANNED BUSINESS PARK LOCATED AT THE ENTRANCE TO THE COLORADO SPRINGS AIRPORT
CUSTOMIZED SITES AVAILABLE FOR SALE, LEASE OR BUILD-TO-SUIT OFFICE | INDUSTRIAL | RETAIL | ENTERTAINMENT | RECREATION | HOSPITALITY
Cushman & Wakefield Copyright 2017. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
2 | Peak Innovation Park
TABLE OF CONTENTS
PROPERTY DETAILS
................................................................. 4
LOCATION
................................................................. 7
WHY COLORADO SPRINGS?
................................................................. 8
COLORADO SPRINGS AIRPORT
................................................................. 16
EL PASO COUNTY AND COLORADO
................................................................. 17
TRANSPORTATION
................................................................. 18
RECREATION
................................................................. 19
EDUCATION
................................................................. 20
AMENITIES
................................................................. 21
Colorado Springs, Colorado | 3
017 IS S NOT INITIAL TIAL OUT CTUAL
PROPERTY DETAILS
INTRODUCTION: WHY PEAK INNOVATION PARK? Peak Innovation Park is the largest master planned development in Colorado Springs, offering unprecedented opportunities for development on more than 900 acres of land. Located at the entrance of the Colorado Springs Airport, Peak Innovation Park offers the benefits of close proximity to Downtown Colorado Springs, easy access to I-25, unobstructed westerly views, and customized land sites that cater to office, industrial, retail, hospitality, entertainment, recreation, and residential uses. With a vast amount of infrastructure already in place, pad ready sites can be delivered for sale, lease or build-to-suit. This development is ideal for companies and uses looking to take advantage of quick access to one of the most efficient airports in the country. Exclusive Incentives
• • • • •
Conceptual Master Plan a u g u s t 1, 2 0 1 7
Pikes Peak Enterprise Zone Commercial Aeronautical Zone Aviation Development Zone Foreign Trade Zone State and regional incentives available to support business development projects
Prime Location
• Directly south of the Colorado Springs Airport • Quick access to I-25 from Academy Boulevard • Visible to over 20,000 vehicles per day on Powers Boulevard
4 | Peak Innovation Park
LEGEND SITE AVAILABILITY
AVIATION USES
• Over 900 acres, with customized land sites from one acre • Build-to-suits available for all product types starting at 10,000 RSF • Sites are available for sale, lease, or build-to-suit • Zoned for multiple uses including office, industrial, retail, entertainment, recreation and hospitality
MIXED USE RETAIL
126 AC +/- 5
EMPLOYMENT
OFFICE, RESEARCH AND DEVELOPMENT, LIGHT INDUSTRIAL AND MANUFACTURING
AMENITY STREET CONNECTION AMENITY PARK SPACE
SITE PLAN
Future Connection to OPEN SPACE Road Marksheffel
CORPORATE AVIATION
AIRPORT FACILITIES
Milton Proby AirPort return Sky View Sports Complex
MILTON E PROBY PKWY
To Terminal MULTI-MODULE CORRIDOR
From Terminal
BLUESTEM PRAIRIE GRASS GOVERNMENT AVIATION
DESIG
PA 8 MIXED USE PA 11 MIXED USE
(
PA 4 RETAIL
Future Detention
PA 9 MIXED USE
PA 6 MIXED USE
PA 12 MIXED USE
PA 5 RETAIL
PA 18 MIXED USE
PA 13 MIXED USE
Future Detention
OPEN SPACE
PA 26 MIXED USE
Future Detention
PA 27 EMPLOYMENT
PA 20 RETAIL
APZ1
PA 19 RETAIL
PA 16 MIXED USE
PA 17 MIXED USE
OPEN SPACE
PA 21 RETAIL
PA 22 RETAIL
Northrop Grumman
PA 23 RETAIL
(EXISITNG OFFICE)
INNOVATION & ENTERTAINMENT MIXED USE
Future Detention
Aerospace Corporation (EXISITNG OFFICE)
PA 25 MIXED USE
PA 44 EMPLOYMENT
PA 15 EMPLOYMENT
PA 14 MIXED USE
MILTON E PROBY PKWY
26 AC +/- 5
Option Property (OFFICE)
PA 24 MIXED USE
** NOTE: THIS CURRENT “CONCEPTUAL MASTER PLAN,”TRAVEL DATE Conferenc JULY 31, 2017 IS “CONCEPTUAL ONLY” TO ILLUSTRATE ONE Conferenc Travel Co High-tech POSSIBLE SCENARIO AND DOES NOT REPRESENT ANY FINAL Transition Retail, Re DRENNAN PROPOSED COMMITMENT OR CONDITIONS. THISRDINITIAL UTILITY INNOVA CONCEPTUAL MASTER PLAN IS INTENDED TO HELP ENVISION Think Tan High-tech Education THE POTENTIAL OF THE PROJECT AND IS SUBJECT TO CHANG Entertainm Retail, Re AND REFINEMENTS WITHOUT NOTIFICATION, PER MARKET Residentia CONDITIONS AND AS THE DETAILS OF THE ACTUAL APPROVE A/DACG Future DEVELOPMENT UNFOLDS. Development
ARRIVAL/DEPARTURE AIRFIELD CONTROL GROUP
PA 42 EMPLOYMENT CENTRAL GREEN
TE
PA 28 EMPLOYMENT
PA 41 EMPLOYMENT
RA
PA 31 MIXED USE
Future Development
Y
W PK
PA 30 MIXED USE
PA 29 MIXED USE
RPZ
ES
PA 32 RETAIL
RPZ
PA 43 EMPLOYMENT
CR
ECTION
Future Detention
PA 39 EMPLOYMENT
ATIONS
PA 40 EMPLOYMENT PA 35 EMPLOYMENT
Community Amenity/ Event Space
APZ2
GRINNELL ST
PA 34 RETAIL
Future Development
PA 36 EMPLOYMENT
PA 37 RETAIL
PA 38 RETAIL
Future Detention
APZ1
PA 33 RETAIL
APZ2
OPEN SPACE
OPEN SPACE
Future Detention
APZ1
SS
MASTER PLAN,” DATED ILLUSTRATE ONE RESENT ANY FINAL NS. THIS INITIAL D TO HELP ENVISION SUBJECT TO CHANGES ION, PER MARKET E ACTUAL APPROVED
PA 10 MIXED USE
TRAVEL & HOSPITALITY MIXED USE
CENTRAL GREEN
PA 3 RETAIL
AIR . CA
RPZ
RPZ
PA 2 EMPLOYMENT
PA 7 MIXED USE
LANGLEY ST.
RD.
RGO
PA 1 EMPLOYMENT
• Create compa • Strong system • Suppo neighb that re• Create through and foc
Future Development
BL VD
.
CONCE PREFE LAND U
PREFERRED HOTEL LOCATIONS
AIRPORT FACILITIES
APZ1
RS
PROPERTY DETAILS
Future connection to Bradley Road and S. Powers Blvd.
S POWERS BLVD.
Colorado Springs, Colorado | 5
PROPERTY DETAILS
LAND USE SUMMARY MIXED-USE
• General Office
• Local Utility Services
• Conference Center
• Professional Office
• Conference Hotel
• Aviation Facilities
• Maintenance and Service Facilities
• Hotel/Motel
• Light Industrial/ Manufacturing/Distribution
• Convenience Retail • General Office • Professional Office
• Transportation Terminals • Postal Service Facilities
• Non-Hazardous Material, Bulk storage, Warehouse • Incubator/Flex Office Space
• Gas Stations
• Public and Private Education and Institutional Facilities
• Incubator/Flex Office Space
• Auto Rental/Repair Centers and Car Wash
• Research and Development/Laboratories
• Public and Private Education and Institutional Facilities
• Medical Clinics
• Medical Clinics/Hospitals
• Daycare Services
• Indoor and Outdoor Recreational Uses
• Art Gallery/Workshop
• Plant Nursery/Garden Centers
• Aviation Facilities • Transportation Terminals
• Entertainment/Theater • General Retail/Pad Sites
• Hotel/Motel
• Religious Establishments
• Indoor and Outdoor Recreational Uses
• Religious Establishments • General Retail/Pad Sites • Residential General
• Residential General
• Residential over Retail and/or Office
• Restaurants (sit-down and drive-thru)
• Residential over Retail and/or Office
INFRASTRUCTURE
• Liquor Sales
EMPLOYMENT
• Residential General
• Light Industrial/ Manufacturing/Distribution
• Food Sales • Fitness Facilities
• Residential over Retail and/or Office
• General Office
• Religious Establishments
• Professional Office
• Light Industrial/ Manufacturing/Distribution
• Aviation Facilities
• Research and Development/Laboratories
• Transportation Terminals
• Cultural Arts Facilities/ Civic Uses • Indoor and Outdoor Recreational Uses RETAIL
• General Retail/Pad Sites • Convenience Retail • Food Sales • Restaurants • Liquor Sales • Fitness Facilities 6 | Peak Innovation Park
• Telecommunications • Postal Service Facilities
• The Peak Innovation Park property is currently served with adequate capacities of utilities for development of all anticipated land uses. The project has an extensive network of water, wastewater, electric, natural gas and telecommunication systems in place. • Existing trunk lines in Milton E. Proby Pkwy.
LOCATION
PRIME LOCATION DIRECTLY SOUTH OF THE COLORADO SPRINGS AIRPORT E. Woodmen Rd.
I NT E RSTAT E
kw fP luf nB
d.
Au
sti
Blv
Un
St.
Constitution Ave.
N. 3
0th
Cave of the Winds
Barnes Rd.
N.
Garden of the Gods Rd. Colorado Technical University Garden of the Gods E. Fillmore St.
ion
University of Colorado Colorado Springs
y.
25
Old Colorado Colorado College U.S. Olympic ra do City Training Av e. Center Bear Creek DOWNTOWN Regional Park COLORADO SPRINGS
olo
Rd.
ne
Bl
vd.
The Broadmoor Seven Falls
Cheyenne Mountain Zoo
Peterson Air Force Base
S. Circle Dr.
Cresta
C
en hey
E. Platte Ave.
S. Academy Blvd.
W. C
Colorado Springs Airport
IN TER STATE
25
Cheyenne Mountain Resort
Milton E. Proby Pkwy.
I-25 ACCESS S. Academy Blvd. Pikes Peak Community College Fort Carson
Widefield Community Center
115 N
Cheyenne Mountain State Park
Mes
a Ri
dge
Pkw y. Mountain Creek Nature Center
Interchange reconstruction project at I-25 and Cimarron Street (US 24) Colorado Springs, Colorado | 7
WHY COLORADO SPRINGS? OVERVIEW
A THRIVING COMMUNITY* • • • • •
“Second Most Desirable Place to Live” (U.S. News & World Report, 2017) Second largest city in Colorado – MSA population over 670,000 Only 70 miles (one hour drive) from Denver Low cost of living and operating Highly educated workforce – more than 37% of adults have a bachelor’s degree or higher • Extraordinary quality of life and outdoor lifestyle
A HUB FOR INDUSTRY* • Key industries: Aerospace and Defense, Information Technology, Cybersecurity, Manufacturing, Healthcare & Medical Technologies, and Sports • Diverse manufacturing presence with more than 400 manufacturers in the region • 30+ Fortune 500 companies including HP, Progressive Insurance, Lockheed Martin Corporation, Oracle Corporation, Ford Motor Credit, and Northrop Grumman • Five military installations with key command units such as Air Force Space Command, Army Strategic Command, and North American Aerospace Defense Command • Olympic City USA - Headquarters of the U.S. Olympic Committee, U.S. Olympic Training Center, and the U.S. Olympic Museum and Hall of Fame (opening 2019) • National Cybersecurity Center providing collaborative cybersecurity research, education, and training
EDUCATED WORKFORCE* • Top rated higher education institutions including four NSA certified Centers of Academic Excellence in Information Assurance »» U.S. Air Force Academy »» University of Colorado Colorado Springs »» Pikes Peak Community College »» Colorado Technical University »» Colorado College • More than 41,000 university and college students • Steady stream of veterans entering the workforce
ACCESSIBILITY** • Centrally located in Mountain Time Zone • Approximately 8 miles to downtown Colorado Springs and 4 miles to Interstate 25 • Colorado Springs Airport »» 7,200 Acres of air field »» 400+ Acres of land for aviation related development »» Four Business Centers: General & Corporate Aviation, Commercial Aviation, Military Aviation, Business Park * Source: Colorado Springs Chamber & EDC, 2017 ** Source: www.flycos.com
8 | Peak Innovation Park
WHY COLORADO SPRINGS? MAJOR EMPLOYERS
MAJOR EMPLOYERS: PUBLIC CITY OF COLORADO SPRINGS COLORADO SPRINGS UTILITIES EL PASO COUNTY FORT CARSON LOCKHEED MARTIN CORPORATION MEMORIAL HOSPITAL-UCHEALTH MICROCHIP TECHNOLOGY NORTHROP GRUMMAN CORPORATION PETERSON AIR FORCE BASE PIKES PEAK COMMUNITY COLLEGE PROGRESSIVE INSURANCE COMPANY SCHOOL DISTRICTS 2, 3, 8, 11, 20 & 49
City Government Electric/Water/Wastewater/Natural Gas County Government Military Installation Aerospace/Engineering/IT/Cybersecurity Healthcare Information Technology/Manufacturing Aerospace/Engineering/IT/Cybersecurity Military Installation Higher Education Insurance Public Education
SCHRIEVER AIR FORCE BASE
Military Installation
UNITED STATES AIR FORCE ACADEMY
Military Installation
UNIVERSITY OF COLORADO COLORADO SPRINGS
Higher Education
MAJOR EMPLOYERS: PRIVATE ALORICA CHERWELL SOFTWARE CHEYENNE MOUNTAIN CONFERENCE RESORT COBHAM SEMICONDUCTOR SOLUTIONS COLORADO COLLEGE COMCAST COMPASSION INTERNATIONAL DEPUY SYNTHES COMPANIES OF JOHNSON & JOHNSON EVICORE
Customer Support Information Technology Resort Hospitality Manufacturing Higher Education Telecommunications Nonprofit Medical Innovation/Manufacturing Healthcare Customer Support
FOCUS ON THE FAMILY
Nonprofit
HARRIS CORPORATION
Information Technology
HEWLETT PACKARD ENTERPRISES
Information Technology
ORACLE AMERICA, INC.
Information Technology
PENROSE-ST. FRANCIS/CENTURA HEALTH T.ROWE PRICE ASSOCIATES, INC. THE BROADMOOR TIME WARNER CABLE UNITED SERVICES AUTOMOBILE ASSOCIATION WESTERN FORGE CORPORATION
Healthcare Financial Services Hospitality Telecommunications Financial/Insurance Services Manufacturing
Source: https://coloradospringschamberedc.com
Colorado Springs, Colorado | 9
WHY COLORADO SPRINGS? NEARBY BUSINESSES
2
Lockheed Martin
3
Raytheon
4
dpiX
5
U.S. Autoforce
6
Alliance Relocation Services
7
Springs Fabrication
8
Pikes Peak Community College
9
Peterson Air Force Base FedEx Distribution
11
National Museum WWII Aviation
12
Taylor Farms Warehouse
13
Coca - Cola
14
RMC Distributing
15
Mech One
16
Hercules Industries
17
SkyWest Airline Maintenance
18
UTC Aerospace Systems
19
Microchip Technology
20
NSCA (National Strength and Conditioning Association)
21
Ace Hardware Distribution Center
22
Northrop Grumman
Vietnam Veterans Memorial Highway
10
1
The Aerospace Corporation
10 | Peak Innovation Park
IN TER STATE
25
19 20
N
23
Blvd.
Memorial Hospital - UCHealth
Union
1
WHY COLORADO SPRINGS? NEARBY BUSINESSES
Galley Rd.
E. Platte Ave.
10
Airport Rd.
8
12
9
11
13 2
7
3 Fou
nta
in
15
18 Blv
d.
6 4
5
14
10
16
17
Academy Blvd.
Powers Blvd.
21
22
Colorado Springs Airport
Milton E. Proby Pkwy.
22
23
Bradley Rd.
Colorado Springs, Colorado | 11
WHY COLORADO SPRINGS? TOP INDUSTRIES
COLORADO SPRINGS TOP INDUSTRIES
HEALTHCARE AND MEDICAL TECHNOLOGIES
AEROSPACE AND DEFENSE
INFORMATION TECHNOLOGY AND CYBERSECURITY
SPORTS
MANUFACTURING
AEROSPACE AND DEFENSE With a unique and diverse concentration of defense and cybersecurity businesses, commercial aerospace companies, a skilled engineering workforce, and military bases and commands, Colorado Springs is a national epicenter for the aerospace and defense industries. • • • • • • • •
$12 Billion in annual economic impact 240 Aerospace and defense companies 5 Military installations 105,000 Employees $52,540 Annual salary 53,696 Military veterans Great American Defense Community Award winner #4 City for defense jobs
INFORMATION TECHNOLOGY & CYBERSECURITY As the first city to log in to the “World Wide Web” in 1968, Colorado Springs has a rich history in advancing the information technology industry. Adding a diverse military presence to the mix makes the Colorado Springs region a natural fit for IT and cybersecurity companies looking to expand, start up or relocate. • • • • • •
80+ Cybersecurity companies 140 IT companies $116,000 Average annual salary in cybersecurity 5 Workforce training organizations in cybersecurity 5 Local military installations Top universities for cybersecurity, Colorado Technical University. –Digital Guardian, 2016
Source: https://coloradospringschamberedc.com/key-industries/
12 | Peak Innovation Park
WHY COLORADO SPRINGS? TOP INDUSTRIES
HEALTHCARE & MEDICAL TECHNOLOGIES With one of the fittest populations in the country, as well as access to collaboration across industries that foster ingenuity, healthcare in Colorado Springs is going above and beyond the status quo. From inventing and manufacturing life-saving medical device components to ensuring that future Olympians reach peak performance, the opportunities for companies looking to expand operations in medical innovation, technology and healthcare in the Colorado Springs region are solid gold. • • • • • •
60+ Medical device manufacturers and life science companies 27,000+ Medical innovation and technology employees 11,000+ Healthcare employees $82,000 Average annual salary in medical innovation and technology $56,408 Average annual salary in healthcare, 2013 122,000 Direct and indirect jobs in medical innovation and technology
SPORTS Known as Olympic City USA, Colorado Springs is the heart of the nation’s Olympic movement, where a timeless culture of achievement, patriotism and dedication sits comfortably alongside awe-inspiring beauty and refreshingly down-to-earth views of the world. Colorado Springs is also the epicenter of an extensive sport industry, with sport product manufacturers and numerous other fitness and training companies, and annual athletic events operating within the region. In Colorado Springs, our high-performing sports industry knows no limits. Winter or summer, in an ice arena, a velodrome or on the trail, Colorado Springs has experience with just about every type of sport. By drawing on the strength of its athletes and natural testing terrain, Colorado Springs has the makings of a champion. • • • • • •
59 National and international sports organizations 23 National governing bodies of sport $400 Million generated annually 15,000 Athletes hosted short term annually at the U.S. Olympic Training Center 14+ Sports events hosted annually 1 of 3 Official Olympic Training Centers in the U.S.
MANUFACTURING From assembling bicycle products to producing electronics equipment and medical devices, Colorado Springs’ manufacturing presence is diverse and vibrant. The region’s facilities, which operate on low utility costs and taxes, are leading some of the world’s most innovative manufacturing ventures around the globe. For example, Springs Fabrication, a leading metal manufacturing company, led the assembly for a system that filtered radiation out of Fukushima’s waters. • 402 Manufacturing companies • 11,775 Employees • $69,576 Average annual salary in manufacturing
Source: https://coloradospringschamberedc.com/key-industries/
Colorado Springs, Colorado | 13
WHY COLORADO SPRINGS? AVAILABLE INCENTIVES
AVAILABLE INCENTIVES Job Growth Incentive Tax Credit Program
Performance based job creation incentive providing a Colorado income tax credit to businesses creating 20+ net new full-time jobs in Colorado that meet specific county wage criteria. Credit is based on 50% of the FICA paid by the business on the net job growth for each year in the 8-year credit period. Colorado Strategic Fund
Performance based cash incentive to businesses that meet certain requirements including the creation of net new full-time permanent jobs in Colorado that meet specific county wage criteria and are maintained for at least one year. Incentive amount is based on the annual average wage rate for the net new full-time jobs compared to the county average wage rate. Aviation Development Zone (ADZ)
A business or any portion of a business that is involved in the maintenance and repair, completion or modification of aircraft located within the boundaries of an airport designated as an Aviation Development Zone may qualify for a Colorado income tax credit of $1,200 per new full-time employee. The Colorado Springs Airport is a registered ADZ. Commercial Aeronautical Zone (CAZ)
The Colorado Springs Airport is located with a regionally created CAZ which provides local sales and use tax abatement for companies located within the CAZ that are specifically engaged in a variety of aeronautical activities. Colorado Sales and Use Tax Exemption on Aircraft and Aircraft Parts
Aircraft used in interstate commerce by a commercial airline and parts permanently affixed to aircraft are exempt from Colorado sales and use tax. This includes, but is not limited to, fuselage parts, parts for the aircraft’s engine(s), seats permanently affixed to the aircraft, and aircraft paint. Pikes Peak Enterprise Zone
Businesses locating within the Pikes Peak Enterprise Zone may be eligible for one or several Colorado income tax credits related to hiring new employees, making investments in equipment, training employees and conducting research and development activities. • Investment Tax Credit – 3% of the investment amount made on equipment/machinery • Jobs Tax Credit - $1,100 per new FTE job created • Employer Sponsored Health Insurance Credit – $1,000 per new employee for the first 2 years who is insured under a health insurance plan or program • Research & Development Tax Credit – 3% of the amount of increase in R&D expenditures within the zone • Vacant Building Rehabilitation Credit – 25% of rehabilitation costs up to a maximum of $50,000 • Job Training Credits – 12% of eligible training investments in a qualified job training program Biotechnology Sales and Use Tax Refund
Qualified tax payers may seek an annual refund for all Colorado sales and use taxes paid in the previous year on purchases of tangible personal property used directly and predominately in research and development of biotechnology including microscopes, chemical reagents, and software.
14 | Peak Innovation Park
WHY COLORADO SPRINGS? AVAILABLE INCENTIVES
Colorado FIRST & Existing Industry Training Grant
Cash grant program may be provided for up to $1,200 per employee for customized technical training of new and existing employees earning an hourly wage greater than $12/hour. In-State Tuition Benefit
Companies who are relocating employees to Colorado and are taking advantage of an economic development incentive from the State of Colorado or a local jurisdiction, may obtain for their employees or employee dependents seeking admission to a Colorado public institution of higher education, in-state tuition designation. Manufacturing Equipment State & County Sales Tax Exemption
State (2.9%) and El Paso County (1.23%) sales and use tax exemption for purchases of machinery or machine tools, or parts thereof (in excess of $500), by a company engaged in manufacturing. The equipment must be used in Colorado directly and exclusively by the company to manufacture tangible personal property for sale or profit. City and County Business Personal Property Tax Credits
Colorado assesses a business personal property tax levied against personal property assets of a business or organization. As a business incentive, El Paso County does not collect their portion of the business personal property tax. The City of Colorado Springs is in the process of phasing out the collection of their portion of the tax as well, which will be fully eliminated by 2018. City Sales and Use Tax Rebate on Construction Materials
Based on meeting job creation and investment criteria a rebate of 50% of the City’s 2% general fund portion of City sales and use tax collected on construction materials may be provided for a project. City Sales and Use Tax Rebate on Business Personal Property
Based on meeting job creation and investment criteria a rebate of 50% of the City’s 2% general fund portion of City sales and use tax collected on annual purchases of business personal property may be provided. Agreement terms based upon jobs created. Businesses may qualify for an Alternative Rate of Tax program for large purchases of machinery and equipment. Foreign Trade Zone (FTZ)
Duty deferral, duty reduction and duty avoidance for the transfer, use, and storage of imported materials. Several FTZ sites are located at the Colorado Springs Airport. Rapid Response Team (RRT)
Expedited permitting process for primary employers that can reduce the typical approval process time by about half. Colorado Springs Utilities
Municipally-owned, four-service utility providing electricity, natural gas, water and wastewater services at competitive rates and nationally recognized customer service. Nearly 75% of electric lines are underground which offers outstanding electric reliability (99.9917%). Colorado Springs Utilities has the ability to enter into economic development special contracts with qualifying commercial customers. Financing Tools
• City Private Activity Bonds – Bond financing for investing in qualified projects that provide federal and state income tax free, low interest loans of $1M to $10M • El Paso County Revolving Loan Fund – Federally funded loan pool established to create and retain jobs in El Paso County. • Pikes Peak Regional Development Corporation – SBA 504 Loan Program with loan amounts up to $5,000,000 ($5,500,000 for manufacturers). Colorado Springs, Colorado | 15
COLORADO SPRINGS AIRPORT
ABOUT THE AIRPORT Facilities
• Three-level, 275,000 square-foot, 12 gate terminal facility opened in 1994 • Over 9,000 uncovered parking spaces Airfield
• Airfield has been in operation since 1925 • Situated on 7,135 acres at an elevation of approximately 6,200 feet • Two parallel runways, one crosswind runway and extensive taxiway system • Joint use civilian and military airport, Peterson AFB is located on the north side of the airport • Short taxi times and a low weather-related closure/cancellation rate • Large General Aviation population on the west side of the airfield Location
• Approximately six miles southeast of downtown Colorado Springs • Conveniently located near I-25 with 4 lane access • Ideally situated close to the geographic center of the United States Careers at Colorado Springs Airport
• Approximately 19,000 people work on the property of Colorado Springs Airport. The airport is owned and managed by the City of Colorado Springs, with only 100 of those jobs being city government jobs. In addition to the city jobs, employment opportunities can be found with the airlines, security companies, service providers (such as rental car companies and food and beverage concessionaires), construction companies, federal government with the Federal Aviation Administration (FAA) and the Transportation Security Administration (TSA), just to name a few.
Source: https://www.flycos.com/about-airport
16 | Peak Innovation Park
EL PASO COUNTY AND COLORADO
ABOUT COLORADO • First visited by Spanish explorers in the year 1500s, the territory was claimed Spain by Juan de Ulibarri in 1706. The U.S. obtained eastern Colorado as part of the Louisiana Purchase in 1803, the central portion in 1845 with the admission of Texas as a state, and the western part in 1848 as a result of the Mexican War. • Colorado has the highest mean elevation of any state with more than 1,000 Rocky Mountain peaks over 10,000 feet high and 54 towering above 14,000 feet. Pikes Peak, the most famous of these mountains, was discovered by U.S. Army lieutenant Zebulon M. Pike in 1806. • Once primarily a mining and agricultural state, Colorado’s economy is now driven by the service industries, including medical providers and other business and professional services. Colorado’s economy also has a strong manufacturing base. The primary manufacturers are food products, printing and publishing, machinery, and electrical instruments. The state is also a communications and transportation hub for the Rocky Mountain region.
ABOUT EL PASO COUNTY • El Paso County lies in east central Colorado and encompasses more than 2,158 square miles. While the western portion of the El Paso County is extremely mountainous, the eastern part is prairie land where dairy cows and beef cattle are the main source of rancher’s income. The altitude ranges from about 5,095 feet on the southern border at Black Squirrel Creek to 14,110 feet on the summit of Pikes Peak, near the western boundary. The county seat is located in Colorado Springs. • The natural physical beauty of the area, situated at the base of Pikes Peak and with an uninterrupted view of the Front Range, can be enjoyed by all. The magnificent scenery inspired Katharine Lee Bates to write the poem “America the Beautiful” after her visit here. The mild climate, on average, supplies 285 days of sunshine, 15 inches of rain, 35 inches of snow, and very low levels of humidity.
EL PASO COUNTY DEMOGRAPHICS 2017 TOTAL POPULATION
692,861
2017 HOUSEHOLDS
261,853
2017 CIVILIAN POPULATION 16+ IN LABOR FORCE 2017 EMPLOYED POPULATION 16+:
96.6% 324,946
CITY POPULATION: 2017 COLORADO SPRINGS FOUNTAIN MANITOU SPRINGS
459,681 29,715 5,201
Source: http://www.elpasoco.com/Visitors/Pages/AboutElpasoCountyAndColorado.aspx Demographics Source: ESRI, 2017
Colorado Springs, Colorado | 17
TRANSPORTATION
OUTSTANDING ACCESSIBILITY AND VISIBILITY
3
6
From well-connected interstates and highways to scenic mountain roads, traveling throughout the Colorado Springs region is a breeze. Interstate 25 runs conveniently through Colorado Springs, heading north through Denver into Wyoming, and south to New Mexico. For east or west access, U.S. Highway 24 runs through Colorado Springs and connects with I-70 to the east at Limon, Colorado, and near Vail in the mountains to the west. There is even a road that leads to the summit of Colorado’s most famous mountain: Pikes Peak. Interchange Reconstruction Project at I-25 and Cimarron Street (US 24)
5
1
4
2
DISTANCE AND APPROXIMATE DRIVE TIMES 1
DOWNTOWN COLORADO SPRINGS
8 Miles
10 Minutes
2
INTERSTATE 25
4 Miles
6 Minutes
3
DENVER
70 Miles
60 Minutes
4
THE BROADMOOR
12 Miles
20 Minutes
5
GARDEN OF THE GODS
18 Miles
25 Minutes
6
U.S. AIR FORCE ACADEMY
30 Miles
35 Minutes
Source: Colorado Springs Chamber &EDC and https://www.codot.gov/projects/i25cimarronDB
18 | Peak Innovation Park
• One of the region’s busiest interstate highway interchanges is preparing for a multimillion dollar makeover. The I-25/Cimarron Interchange reconstruction is the second largest highway project in Colorado Springs history (COSMIX—Colorado Springs Metropolitan Expansion Project: 2004-2008—is the largest). • The project, slated for completion in December 2017, will transform the decades-old structure into a more efficient and more attractive gateway to Colorado Springs, El Paso County and the mountain communities to the west. The improvements will enhance operations, correct existing safety and design deficiencies, and serve the anticipated short-term and long-term travel demand in this area. • Following pre-construction activity in June 2015, local, state, and federal transportation officials and organizations realized the culmination of years of collaborative efforts to study, plan and fund the $113 million project. Project funds have come from multiple federal, state, RAMP (Responsible Acceleration of Maintenance and Partnerships), local federal Metro funds, and local sources, including local match funding from the project partners of the City of Colorado Springs and El Paso County. • I-25 and Cimarron Street is a key local and regional interchange that serves as a primary connection to downtown Colorado Springs to the east, and to neighborhoods and mountain communities to the west. • For more information on the reconstruction project, please visit: https://www.codot.gov/projects/i25cimarronDB
RECREATION
ABUNDANT RECREATION OPPORTUNITIES • Colorado Springs has over 260 miles of trails and 209 parks in our community and are located only 30 minutes from world class fly fishing, mountain biking and approximately 2 hours from major ski resorts. • The City of Colorado Springs is home to an active and vibrant bicycling community. The City’s bike program is guided by the Bike Master Plan and funded in part by a selfimposed bike tax. Improvements are constantly being made to bicycle infrastructure and route connectivity, and the City supports bike education and encouragement programs and cycling events. With over 100 miles of on-street bicycle routes, nearly 120 miles of urban bike trails, and more than 60 miles of unpaved mountain bike trails, Colorado Springs is committed to ensuring that biking is a convenient, safe, and connected form of transportation and recreation.
Source: Colorado Springs Chamber &EDC
Colorado Springs, Colorado | 19
EDUCATION
WORLD CLASS EDUCATION Colorado Springs is home to numerous higher education institutions including:
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AMENITIES
EXTENSIVE VARIETY OF AMENITIES
• From trendy local markets and breweries, to ethnic eateries and the world-famous fine dining at The Broadmoor, Colorado Springs has cuisine to satisfy any taste bud, without the long waits you might find at other hip food meccas. For coffeehouse hipsters and craft beer enthusiasts, locals have an abundance of pour overs and breweries from which to choose. Boasting the largest concentration of locally owned restaurants in the Pikes Peak region, the Downtown culinary scene is abuzz with awardwinning chefs, creative craft brews and distilled spirits, as well as established longtime favorites. • Multiple shopping options are in close proximity at locally owned boutiques and shops in downtown Colorado Springs or Old Colorado City, to major shopping malls or The Promenade Shops at Briargate. The Castle Rock Outlet Stores are only a 45 minute drive from Colorado Springs.
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MULTI-MODULE CORRIDOR
AMENITY DIAGRAM 3
URBAN PARK
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CONFERENCE CENTER
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INNOVATIVE WORK ENVIRONMENTS
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BLUE-STEM PRAIRIE GRASS EDUCATION GARDEN
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MOUNTAIN BIKE MANEUVER COURSE AND TRAIL
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OFFICE AND RETAIL STREET
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COMMUNITY AMPHITHEATER
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PEDESTRIAN TRAIL SYSTEM AND EDUCATIONAL SIGNAGE
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• Top ranked higher education institutions and healthcare facilities are all a part of our community. • Colorado Springs and the surrounding community is home to a wide array of performing arts venues, restaurants, museums, farmers’ markets, art walks and unique events happening year-round. From concerts at the Pikes Peak Center for the Performing Arts to art classes at the Cottonwood Center for the Arts, to original drama and comedy at the Millibo Art Theatre, visitors and residents alike are bound to find their niche. • As a top tourism destination, Colorado Springs provides visitors abundant hotel options including The Broadmoor, an internationally renowned and legendary Five-Star and AAA Five-Diamond resort, to a newly constructed Great Wolf Lodge and everything in between. • There are over 20 public and private golf courses in the Pikes Peak region. With the mild and dry climate, it is not uncommon to see golfers on one of the many courses in the community even in January.
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AMENITY STREET
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AMENITY NODE
4 MANEUVER COURSE AND BIKE TRAILS
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REGIONAL TRAIL SYSTEM
AMENITY NODE
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EXTENSION OF REGIONAL TRAIL
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PEDESTRIAN TRAIL AND MOUNTAIN BIKE TRACK
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ON-STREET BIKE LANES AND WALK
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AMENITY STREET SYSTEM
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PEDESTRIAN AND BIKE TRAILS
AMENITY NODE
AMENITY LOCATION MARKER
Source: Colorado Springs Chamber &EDC
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Peak Innovation Park Master Plan COLORADO SPRINGS, CO AUGUST 1,2017
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Colorado Springs, Colorado | 21
1401 Lawrence Street, Suite 1100 / Denver, Colorado 80202 / phone +1 303 292 3700 / fax +1 303 534 8270 / cushmanwakefield.com
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