According to Fred Crowley, Senior Economist at UCCS, “The Business Conditions Index (BCI) now stands at 79.09, up from its March value of 70.4. This is a 12.35% improvement since March. The bottoming of the BCI and significant improvement in several local indicators since March suggests the Colorado Springs economy is probably out of its [...]
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by Amy Gillentine Published: May 7,2009, Colorado Springs Business Journal Local economic conditions have hit bottom, and economists believe El Paso County has been through the worst of the recession. “The good news is that the economy is not deteriorating further,” said Fred Crowley, senior economist at the College of Business and Administration at the [...]
A few days ago we made an offer on a 28 unit apartment in Colorado Springs. It’s in foreclosure and about 30% full as near as we can tell. The phone number on the management company sign is disconnected and emails bounce. A broker from Denver has started negotiating a short sale with the lender. [...]
