After purchasing the space previously occupied by the Colorado Running Company, Colorado College has continued its efforts towards expanding beyond the confines of Cascade, Uintah, Nevada and Cache with the purchase of the former laundromat south of campus for an undisclosed amount of money.
“The college has been thinking and has been in contact with the owners about purchasing the building for over six years,” said Robert Moore, Senior Vice President for Finance and Administration and treasurer for the college.
Moore represented the college throughout the purchasing process. Behind the scenes, he oversaw the work of the alumni who helped acquire the property, the lawyers, title company, and a variety of other parties involved in drafting and finalizing the deal.
Keith Paterson and his father, Carl Paterson, previously owned the building, which is located at 801 North Tejon Street. The two had carried on the legacy of this Colorado Springs family business until its 110th year before the sale and concentrating their efforts on their restaurant downtown, Couture’s Bistro.
“The college had purchased the property over a year ago,” said Moore, “But part of the deal was that they wanted to operate the business until their 110th year anniversary, so they did not close until late 2014.”
As of right now, the college has yet to decide what it will do with the property.
“First, we bought it for the land,” said Moore. “The college is not certain if we may need it for the storage associated with redoing the library.”
Moore also commented that the building would be used for storage for a variety of projects, such as the ones laid out in the Campus Master Plan, and personnel records.
The Board of Trustees will vote on the proposed Campus Master Plan, which contains a variety of renovation projects of buildings already on campus and off campus, on February 28th.
“You’ll see there are potential development plans for the block where Couture’s used to be,” said Moore. “It’s not on the top three priorities, but it’s definitely there.”
Moore could not disclose specific information regarding the details of these plans since the final plan will not be published until April, but he said the college has vested interest in four properties around campus that the college will buy if the owners decide to sell.
“The college had purchased the property over a year ago,” said Moore, “But part of the deal was that they wanted to operate the business until their 110th year anniversary, so they did not close until late 2014.”
As of right now, the college has yet to decide what it will do with the property.
“First, we bought it for the land,” said Moore. “The college is not certain if we may need it for the storage associated with redoing the library.”
Moore also commented that the building would be used for storage for a variety of projects, such as the ones laid out in the Campus Master Plan, and personnel records.
The Board of Trustees will vote on the proposed Campus Master Plan, which contains a variety of renovation projects of buildings already on campus and off campus, on February 28th.
“You’ll see there are potential development plans for the block where Couture’s used to be,” said Moore. “It’s not on the top three priorities, but it’s definitely there.”
Moore could not disclose specific information regarding the details of these plans since the final plan will not be published until April, but he said the college has vested interest in four properties around campus that the college will buy if the owners decide to sell.