Thursday, December 29, 2011

Express sold, but not to CDOT

Posted By on Thu, Dec 29, 2011 at 5:18 PM

A family at the Express before its closure.

The Express Inn at 725 W. Cimarron Street has been purchased at a foreclosure auction, but not by the expected party.

Since the aging and bed-bug infested motel closed in spring — leaving scores of impoverished residents to find a new home — the Colorado Department of Transportation has had plans for the property. The Express sits near the busy intersection of Interstate 25 and Cimarron Street and was expected to be absorbed into a future road project.

In order to facilitate this, CDOT was expecting that the property would be retained by the bank when it went to auction. But that didn't happen. On Dec. 22, E.D.R. Allinn LLC, which is registered to Ernest Ringler, purchased the property at auction for $1.1 million.

By law, CDOT cannot bid on properties at auctions.

E.D.R. Allinn is registered to 3855 Hill Circle in Colorado Springs. The LLC was previously known as Pikes Peak Sanitation LLC, a garbage company that still operates in the Springs. It's unclear what the connection between the garbage company and the purchase of the Express may be since Ringler could not immediately be reached.

Dave Watt, CDOT Project Manager says the purchase does not necessarily put a kink in road plans for the area. He said CDOT representatives would likely schedule a meeting with the new owner in the coming weeks, to see if a sale can be negotiated.

The deed for E.D.R.'s purchase is below:


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