Trending...
- San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard - 245
- Ascent Solar Technologies Enters Collaborative Agreement Notice with NASA to Advance Development of Thin-Film PV Power Beaming Capabilities: ASTI
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
COLORADO SPRINGS, Colo. – The City of Colorado Springs has formalized a Memorandum of Understanding (MOU) with the Colorado Springs Community Cultural Collective at City Auditorium (CSCCC) regarding the City Auditorium, located downtown at 221 East Kiowa Street. The MOU will help the City determine the viability of CSCCC's proposal, which was selected as the highest ranked offer through a Request for Proposal (RFP) process that began in 2018 with a main goal of securing a financially stable entity to effectively manage, operate, and maintain full use of the nearly 100-year-old building, which has significant capital needs.
The MOU requires CSCCC, a newly formed 501c3 nonprofit organization, to successfully complete a due diligence period before the City and CSCCC move forward with a final award agreement for the design, construction, financing, development, ownership, professional management, and operation of the City Auditorium. The MOU does not include transfer of ownership of the City Auditorium property. A transfer of ownership would follow a successful due diligence period as part of a final award agreement and must comply with the City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests.
"A revitalized City Auditorium at the center of the downtown creative district brings opportunities for entertainment, culture, education and business as well as economic opportunity for other cultural arts-oriented organizations and businesses," said Bob Cope, Colorado Springs Chief of Economic Development. "We are intrigued by the CSCCC's proposal and believe its project team has the background and successful track record to assure that the City Auditorium continues to not just successfully operate for the next 100 years, but to thrive for the benefit of all residents and visitors alike. The due diligence period is an important step for the CSCCC to more fully share and prove its vision of the sustainable future of this historic building to City officials and the residents of Colorado Springs."
More on Colorado Desk
Two milestone periods are outlined in the MOU. The first is that by February 2022, the CSCCC must, among other tasks, successfully identify sources of $5 million toward the project's estimated construction cost of $53 million; prepare a business plan explaining the vision and necessary components that illustrate the feasibility and sustainability of the proposed use; and begin preparing schematic designs. The second milestone is a one-year timeframe beginning March 1, 2022 in which the CSCCC must, among other tasks, provide proof of the total fundraising requirement; engage stakeholders and the general public in an outreach process; and fully describe the programs and services to be offered to private user groups and the general public. The City Auditorium will not be available to the public to rent during the due diligence period.
The CSCCC has identified a gap for performance venues suitable to smaller cultural organizations in need of affordable mid-size venues and creative workspaces, a role which a revitalized City Auditorium could fill. As such, the CSCCC proposal includes making significant repairs and renovations to the building while also improving and expanding its functionality to be a better host for arts and culture, education and multi-purpose community activities and events.
"The structure of the CSCCC business model is to allow utilization to a wide array of community members, inclusive of all populations regardless of socio-economic status, race, ethnicity, gender, sexual orientation, age, physical ability and language," said Linda Weise, CSCCC president. "We believe the revitalized City Auditorium will afford the opportunity for another 100 years of relevance by providing a safe, renovated and much-needed place currently missing in the community for affordable cultural and performing arts as well as for other community events."
More on Colorado Desk
The estimated total cost to renovate the building and realize CSCCC's proposal is approximately $53 million. Private donations solicited by the CSCCC, grants, and tax credits are anticipated to make up a large part of the required budget. Some tax credits and other sources of funding would only be available if the facility is owned by the CSCCC, rather than the City. The City has earmarked $2.5 million for the project through funding it received from the American Rescue Plan Act.
The CSCCC is planning to engage stakeholders and the general public through a series of public meetings to be scheduled this fall and winter. At these meetings, residents will have an opportunity to provide input and feedback on the proposed facility uses and renovations. To sign up for notices of the times, dates and location of the public meetings, email PublicEngagement@CommunityCulturalCollective.org.
For more information on the City Auditorium, visit ColoradoSprings.gov/CityAuditorium, and for more information on the CSCCC, visit CommunityCulturalCollective.org.
The MOU requires CSCCC, a newly formed 501c3 nonprofit organization, to successfully complete a due diligence period before the City and CSCCC move forward with a final award agreement for the design, construction, financing, development, ownership, professional management, and operation of the City Auditorium. The MOU does not include transfer of ownership of the City Auditorium property. A transfer of ownership would follow a successful due diligence period as part of a final award agreement and must comply with the City of Colorado Springs Procedure Manual for the Acquisition and Disposition of Real Property Interests.
"A revitalized City Auditorium at the center of the downtown creative district brings opportunities for entertainment, culture, education and business as well as economic opportunity for other cultural arts-oriented organizations and businesses," said Bob Cope, Colorado Springs Chief of Economic Development. "We are intrigued by the CSCCC's proposal and believe its project team has the background and successful track record to assure that the City Auditorium continues to not just successfully operate for the next 100 years, but to thrive for the benefit of all residents and visitors alike. The due diligence period is an important step for the CSCCC to more fully share and prove its vision of the sustainable future of this historic building to City officials and the residents of Colorado Springs."
More on Colorado Desk
- Digital Watchdog Launches New myDW Cloud Services
- Stan Fitzgerald Appointed Acting Press Secretary for Veterans for America First VFAF Georgia State Chapter
- Behind the Seams: CEO of Unmarked Street Launches "The Business of Apparel" for Brand Leaders
- Drone Light Shows Emerge as the New Standard in Live Event Entertainment
- Lore Link is Here to Help Organize Your Game
Two milestone periods are outlined in the MOU. The first is that by February 2022, the CSCCC must, among other tasks, successfully identify sources of $5 million toward the project's estimated construction cost of $53 million; prepare a business plan explaining the vision and necessary components that illustrate the feasibility and sustainability of the proposed use; and begin preparing schematic designs. The second milestone is a one-year timeframe beginning March 1, 2022 in which the CSCCC must, among other tasks, provide proof of the total fundraising requirement; engage stakeholders and the general public in an outreach process; and fully describe the programs and services to be offered to private user groups and the general public. The City Auditorium will not be available to the public to rent during the due diligence period.
The CSCCC has identified a gap for performance venues suitable to smaller cultural organizations in need of affordable mid-size venues and creative workspaces, a role which a revitalized City Auditorium could fill. As such, the CSCCC proposal includes making significant repairs and renovations to the building while also improving and expanding its functionality to be a better host for arts and culture, education and multi-purpose community activities and events.
"The structure of the CSCCC business model is to allow utilization to a wide array of community members, inclusive of all populations regardless of socio-economic status, race, ethnicity, gender, sexual orientation, age, physical ability and language," said Linda Weise, CSCCC president. "We believe the revitalized City Auditorium will afford the opportunity for another 100 years of relevance by providing a safe, renovated and much-needed place currently missing in the community for affordable cultural and performing arts as well as for other community events."
More on Colorado Desk
- Chappaqua's Annual Townwide Summer Sale – Unbeatable Savings at Your Favorite Local Boutiques!
- Colorado Springs: Podcast: The Parking Plan
- Skyline Partners with ZenSpace to Offer Private Meeting Pods for Trade Show Exhibitors
- Get Outside Colorado! Colorado State Parks Welcome Visitors From Around the World
- AI Innovation Dual-Strategy Business Model Focused on Real Estate Development for Strategic Expansion: OFA Group, (N A S D A Q: OFAL)
The estimated total cost to renovate the building and realize CSCCC's proposal is approximately $53 million. Private donations solicited by the CSCCC, grants, and tax credits are anticipated to make up a large part of the required budget. Some tax credits and other sources of funding would only be available if the facility is owned by the CSCCC, rather than the City. The City has earmarked $2.5 million for the project through funding it received from the American Rescue Plan Act.
The CSCCC is planning to engage stakeholders and the general public through a series of public meetings to be scheduled this fall and winter. At these meetings, residents will have an opportunity to provide input and feedback on the proposed facility uses and renovations. To sign up for notices of the times, dates and location of the public meetings, email PublicEngagement@CommunityCulturalCollective.org.
For more information on the City Auditorium, visit ColoradoSprings.gov/CityAuditorium, and for more information on the CSCCC, visit CommunityCulturalCollective.org.
0 Comments
Latest on Colorado Desk
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- New Housing and Public Safety Laws Take Effect to Save Coloradans Money on Housing and Make Colorado Safer
- Morris Animal Foundation Names Ike Nicoll as Chief Executive Officer
- 20/20 Institute Announces Expansion with New State-of-the-Art LASIK Center in Colorado Springs
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Colorado: Governor Polis Announces Public Safety Support for Organizations Facing Increased Threats
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- Colorado: Polis Administration Awards $1.6 Million in Final Round of Nation-Leading Geothermal Energy Grant Program Funding
- DEADLINE TOMORROW: Berger Montague Advises Civitas Resources (NYSE: CIVI) Investors to Inquire About a Securities Fraud Class Action by July 1, 2025
- Denver Divorce Attorney Launches Guide to Navigating the 5 Stages of Grief in Divorce
- AI vs. Human: Why Business Planning Still Needs an MBA
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)
- The Naturist World Just Shifted — NaturismRE Ignites a Global Resurgence
- San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard
- Former Microsoft Assistant General Counsel Scott Wise Joins Crowell & Moring
- $796,000 in Q2 Revenue Marks Highest Earnings to Date on 3 Trailing Quarters of Profitability in Multi-Billion Homebuilding Sector: Stock Symbol: IVDN