Why City Of Colorado Springs Overpaid For Land

controversial land purchase. the city is planning to buy a parcel at more than five thousand percent of what it’s valued at. some council members say it could be the next palmer park. but other disagree. krdo newschannel 13’s laurie cipriano joins us live with what the city council decided to do. in a vote of six to three, city council voted to buy 74 acres in the cor-ral bluffs open space area for 186 thousand dollars. it was valued at less than 33 hundred dollars, and it’s outside of city limits, east of the springs. gallagher: 47:10 i can’t support this. and i’m not going to. 47:13 gallagher: 47:24 i’m tired of buying county parkland folks. with city dollars 47:27 that was a point of contention for council members. hente: 48:37 is the property in the city limits today? no. is it gonna be in the city limits at some point in time. there’s no doubt my mind. 48:43 74 acres, some say is ideal for a trail head cation. paige: 34:02 we keep going out, we keep acquiring new parcels at a time when we’re struggling to maintain the parcels that we have so what is the urgency to do this now. 34:10 budgets are tight… but at 186 thousand dollars, some council members think that’s a good deal, especially at a time when there is not a lot of development going on. small: 42:36 we took advantage of red rock canyon the same way. it became available and we did it. 42:38 small says this is not an unusual acquisition of an open space. 42:59 i am not reluctant at all to move forward with this. 43:01 the owners of the property now live on the east coast. they will keep five acres of land. reporting live in the newsplex, laurie cipriano, krdo newschannel 13. boisterous crowds, drunken brawls