COLORADO SPRINGS — On Tuesday, RMBC Group, LLC and El Pomar Foundation announced that the El Pomar Foundation will purchase an approximately 554-acre portion of Section 16 of The Hitch Rack Ranch located off of Highway 115.
The 554 acres comprise the upper (western) part of the 1,432-acre ranch property and are adjacent to the Aiken Canyon Preserve.
El Pomar will pay about $3.75 million for the land. Both organizations have also agreed that the Section 16 portion of The Hitch Rack Ranch property will be preserved as open space.
The land will include a wildland ecosystem that the foundation says will help contribute to the environment of the area.