Weidner Apartment Homes is pleased to announce that weve recently signed an agreement with the Colorado Springs Switchbacks organization to become a minority owner of the team. Driving this new partnership is our desire to participate in the move to a new permanent stadium in downtown Colorado Springs. Located near the site of the new Olympic Museum and close to America the Beautiful Park, the stadium is one component of the fourth project proposed under the City for Champions initiative that the City began pursuing in 2013. At this point, the three other projects have all broken ground, and our stadium, in conjunction with a new indoor hockey arena at Colorado College hope to follow with an anticipated opening date of 2020. Accommodating 10,000 spectator seats for sporting events and 20,000 audience members for entertainment events, the downtown stadium promises to bring new energy into an area of town that is ripe for redevelopment. With 20 established apartment rental communities offering over 3000 units across Colorado Springs, the city remains one of Weidners prized markets and we are excited to continue our investment in the area. We will be building a seven-floor community alongside the stadium which will house both residential apartment units and mixed-use businesses, feature magnificent views of the world famous Pikes Peak Mountain, and provide a deck looking onto the new stadium. The project, in partnership with the Colorado Springs Renewal Authority, the state office of Economic Development and International Trade, Colorado College and the Colorado Switchbacks soccer team, embodies Weidners commitment to community and development. We are proud to play a role in contributing to this up-and-coming neighborhood and providing a permanent home for this great team.
