(To read more on the debt and equity markets, click here.)
COLORADO SPRINGS-Executives from locally based BrownfieldsCapital on Wednesday said they plan to use a "patented financingsolution" to remediate and redevelop Gold Hill Mesa, a 210-acreformer gold mine in Colorado Springs that has been closed for thepast 57 years. It will be redeveloped into a mixed-usedevelopment.
The land is the former site of the Golden Cycle Mill, a gold andsilver mill that began operations in 1906. It closed in 1949,leaving behind a mesa comprised of 14 million tons of soil infusedwith gold tailings. Throughout the past three decades, attempts toreprocess the tailings or redevelop the site have failed.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
