Colorado

Jan 28, 2013 8:57 PM by Bill Folsom/Joe Bevans

Overhead dip and optimistic outlook bring new businesses to downtown Colorado Springs

There are signs in downtown Colorado Springs of opportunity caused by the years of economic downturn. Numerous new businesses have recently opened. "I think that the economy is starting to turn around and I think that the bad economy has softened some of the rent so it makes it affordable for these people to move in," said Chairman of the Downtown Partnership, Sam Eppley.

Gregor Huesgen, the owner of the newly opened Downtown Fine Spirits and Wines bought his building. He got a great deal a couple of years ago. He says, "I actually bought this building probably at abut a quarter of the cost it would cost to build." Now he says the timing is right to open his specialty fine wine and microbrew shop. The former investment banker believes the economic downturn that allowed him to buy his building for a great deal is starting to turn around. "I see that coming to an end in 2013, 2014 and there are lots of empty lots in downtown and eventually that will be redeveloped. He is banking on downtown growth in the near future.

 

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