Southwest Downtown Colorado Springs Plans Unveiled For City Council

Plans to revive Colorado Springs' southwest downtown will be presented to the City Council Monday, along with a proposal to swap city land for a parcel owned by subsidiaries of Nor'wood Development Group. Nor'wood is the master developer for the downtown quadrant, where the U.S. Olympic Museum is expected to break ground this spring. Plans for the area include: ◘ The Olympic Museum and Hall of Fame, a $75 million project to be paid with $26.1 million from a recent Regional Tourism Act bond issue, plus private fundraising and $500,000 over three years from the city's Lodging and Automobile Rental Tax revenues. ◘ A streetscape project at Vermijo Avenue and Sierra Madre Street for $5.45 million, using $3. Read more on Colorado Springs Gazette