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Council hears request for $40 million privately placed bond for Wolf Ranch recreation center; council seeks homeowner notifications
Summary
Planners described a request from the Old Ranch Metropolitan District for a privately placed revenue bond (Series 2025) of about $40 million to fund a 30,000‑square‑foot recreation center; district and developer representatives said the center will be open to the public and homeowners are notified via covenants and supplements recorded on title.
Allison Stocker, senior planner with the City of Colorado Springs Land Use Review Division, presented a request from the Old Ranch Metropolitan District for approval of a privately placed revenue bond (Series 2025) with an estimated principal aggregate of $40,000,000 to acquire land and build a new recreation center serving the Wolf Ranch community.
Stocker described the project as an approximately 30,000‑square‑foot community center that would include pools, a splash pad, courts for pickleball and volleyball, playgrounds and an amphitheater area. She said the district…
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