Other incentives are available on a case by case basis depending on the project and the city’s goals at a given point in time.
Fee waivers and reductions
Customized incentive packages are sometimes available for Downtown projects, aimed at waiving or reducing specific development fees that impact the bottom line for highly prioritized project types. Specific priorities include hospitality developments, and multifamily residential developments. For more information, contact the city’s Office of Economic Development.
Contact: Bob Cope, Economic Development Manager, City of Colorado Springs, 719-385-5561, Bob.Cope@coloradosprings.gov
Parking Enterprise Group Leasing
The Colorado Springs Parking Enterprise offers group space leasing based on availability in city-owned garages to help offset the costs of building on-site structured parking. Because a significant portion of Downtown Colorado Springs is designated parking-exempt, many new developments have taken advantage of this option. Group leases lower the monthly price per parking space from $60 to $50 when 75 or more stalls are leased.
Contact: Scott Lee, Parking Enterprise Director, City of Colorado Springs, 719-385-5174, Scott.Lee@coloradosprings.gov