On Thursday, El Paso County commissioners will vote on a deal to settle a lawsuit filed against them by People's National Bank stemming from the commission's denial of a plan for Independence Place at Cheyenne Mountain on the city's southern edge by the World Arena. The bank owns the property in question.
You might remember this controversial development we wrote about in June. It involved a a proposed roundabout at Venetucci Boulevard and Bob Johnson Drive that didn't sit well with the neighbors, including the World Arena and USA Hockey next door.
Place Properties of Atlanta wanted to build a 240-unit complex southwest of Venetucci and Cheyenne Meadows Road to serve Fort Carson, but commissioners rejected the idea on a 3-2 vote, with Commissioners Darryl Glenn and Peggy Littleton opposed, meaning they supported the project. Commissioners Amy Lathen, Sallie Clark and Dennis Hisey voted to reject the project.
After that action, Peoples sued, contending the denial constituted abuse of discretion and an unconstitutional taking of property without due process, County Attorney Bill Louis says.
Now there's a settlement in which the county will approve the plan and let the development proceed with a four-way traffic signal at the intersection of Venetucci and Bob Johnson, Louis says.
The city of Colorado Springs engineer has issued a letter of support for the traffic signal, so it sounds like a done deal. Although Louis says if the city fails to issue the permit for the traffic signal, the county is back in court.
Here's the city's letter:
But not everyone is pleased. One resident of the area contacted us with concerns that the traffic signal will only tie up traffic more, considering there's another traffic signal close by.
If you're interested in voicing your opinion, you can contact the commissioners or go to the meeting, which begins at 9 a.m. Thursday at the County Administration Building, third floor, 27 E. Vermijo Ave.