Author: By Wayne Heilman [email protected]
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Colorado sports betting surges to record total
The start of the pro football season, including a 3-0 start for the Denver Broncos, helped lift Colorado sports betting to a record $408.3 million in September, the Colorado Division of Gaming reported Friday. Last month’s total was nearly double the total from either the month before or the year before. It beat the previous…
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Colorado Springs hotels’ recovery still shy of pre-pandemic levels
The Colorado Springs hotel industry continued in September to recover from the economic punch packed by the pandemic, though the city’s occupancy rate did fall slightly from August, according to the Rocky Mountain Lodging Report. Local hotels filled 74.2% of their rooms last month. That was down from 75.8% in August but still well ahead…
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Colorado Springs hotels’ recovery still shy of pre-pandemic levels
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The Colorado Springs hotel industry continued in September to recover from the economic punch packed by the pandemic, though the city’s occupancy rate did fall slightly from August, according to the Rocky Mountain Lodging Report. Local hotels filled 74.2% of their rooms last month. That was down from 75.8% in August but still well ahead…
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Colorado unemployment rate drops for fifth consecutive month
Colorado’s unemployment rate fell in September for a fifth consecutive month to 5.6%, the Colorado Department of Labor and Employment reported Friday. That’s the lowest rate since the COVID-19 pandemic triggered a stay-at-home order in March 2020 that closed many businesses. Last month’s jobless rate was down from 5.9% the month before and down from 7%…
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Colorado new vehicle market forecast to nosedive in fourth quarter
Colorado’s new vehicle market is expected to take a big U-turn in the fourth quarter as supply issues have left most of the state’s dealers with little new inventory, according to a forecast. The Colorado Automobile Dealers Association forecasts that new vehicle registrations in the final three months of the year will decline 23.2% from…
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Home sells for record-setting price in Colorado Springs
An heir to the Sinton Dairy fortune bought a Broadmoor neighborhood mansion Friday for a record $8 million, according to El Paso County land records. The 16,594-square-foot home two blocks from the 2,500-acre resort was sold by the founder and head of a Colorado Springs commercial real estate services company. The six-bedroom, 11-bathroom complex had…
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Colorado city home to No. 2. ranked hotel market in the U.S.
The Colorado Springs hotel market ranked last month as the nation’s second best for a second consecutive month, even though the city’s occupancy rate fell somewhat from July. The Springs’ 78.3% hotel occupancy rate in August was second only to the 86.4% rate in Portland, Maine, among the 165 cities tracked by hotel research firm…
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Colorado sports betting slows to lowest since August 2020, but there’s optimism
Not even baseball’s All-Star Game in Denver could capture enough bettor interest to overcome the absence of major sports during most of July as Colorado’s sports betting handle dropped to an 11-month low. The $181.3 million bet in July was down 21.1% from June and was the lowest monthly total since sports wagering totaled $128.6…
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Colorado Springs cost of living sets record for second straight quarter, cost advantage over Denver is decreasing
Soaring home prices helped push Colorado Springs’ cost of living to a record level above the national average for a second consecutive quarter, according to a new survey. The local cost of living index in the second quarter was a record 107.8% of the national average, up a full percentage point from the previous quarter,…
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Colorado Springs cost of living sets record for second straight quarter, cost advantage over Denver is decreasing
Soaring home prices helped push Colorado Springs’ cost of living to a record level above the national average for a second consecutive quarter, according to a new survey. The local cost of living index in the second quarter was a record 107.8% of the national average, up a full percentage point from the previous quarter,…