Penrose Equestrian Center sale plan to go before City Council in December
The County Attorney's Office expects to bring up the planned sale of the Penrose Equestrian Center at the joint City/County
meeting Wednesday, Dec. 1.
If it's not addressed then, the County Attorney plans to introduce it at the City Council meeting December 14, according to Ann Ervin, county public information officer.
The sale to the Pikes Peak or Bust Rodeo Foundation, which needs both city and county approval, was approved by the Board of County Commissioners Nov. 18. The foundation would buy 71 acres north of Bear Creek for just $10, but must guarantee investing $2 million on the property in capital improvements. The county, which has been losing money operating the center, will retain ownership of approximately 80 acres of open land south of the creek.
The non-profit foundation, plans to return the annual Pikes Peak or Bust Rodeo to the Equestrian Center's Penrose Stadium. The rodeo, which had been held at the stadium since before World War II, has been at the indoor World Arena the past three years.
The Dec. 1 meeting will be in the 3rd floor Hearing Room, 27 East Vermijo Ave., at 9 a.m.
Westside Pioneer article from press releases