Thursday, December 29, 2011

County deal for Arrowswest building expires

Posted By on Thu, Dec 29, 2011 at 3:13 PM

We've received confirmation that El Paso County is walking away from a tentative agreement to purchase part of a building at 4425 Arrowswest Drive as detailed in today's Independent ['Another black eye,' News, by Pam Zubeck].

The agreement expired today, after conflicting statements about whether an extension would happen. The sellers, Bryan Construction, apparently thought a 30-day extension was imminent. But the county never officially asked for more time, and nonprofit organizations who would have been tenants did not make a paperwork deadline.

"Executable contracts from the non-profits were not submitted," El Paso County spokesman Dave Rose says by e-mail. "There was no extension and the agreement expired under its own terms."

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