Energy succeeds where housing developers can't

 

If you're looking for a parable of the post-housing-bust West -- where the real estate economy appears to have crumbled while the extraction industry roars back with a vengeance -- you might find one in the troubled Banning-Lewis Ranch on Colorado's sprawling Front Range. The city of Colorado Springs annexed the more than 21,000-acre property, which stretches along its eastern edge, in 1988. The land was slated to host enough housing for 175,000 people and 76 million square feet of commercial, office and industrial space. But its most recent owners filed for bankruptcy last October with just 300 homes built. This summer, Ultra Petroleum bought 18,000 still-undeveloped acres with plans to drill for oil and gas. The purchase coincided with the company's acquisition of some 100,000 acres of leases in the greater area, where it intends to drill its first exploratory wells this winter. City staffers are discussing their options and will work with city council and the mayor to determine what to do. "The master plan was done, the streets laid out, parks, all of the facilities had been determined. ... Quite a lot of work went into getting to that point," says city spokesman John Leavitt. "The city's position until now has been that we want homes there. We don't want other types of uses there."

High Country News Classifieds
  • COPPER STAIN: ASARCO'S LEGACY IN EL PASO
    Tales from scores of ex-employees unearth the human costs of an economy that runs on copper.
  • FEATURES DIRECTOR - HIGH COUNTRY NEWS
    High Country News, an award-winning news organization covering the communities and environment of the Western United States, seeks a Features Director to join our editorial...
  • GENERAL MANAGER
    The Board of UYWCD seeks a new GM to manage operations & to implement our robust strategic plan. Details at www.upperyampawater.com. EOE
  • IN TUCSON, FOR SALE: A BEAUTIFUL, CLASSIC MID-CENTURY MODERN HOME
    designed by architect David Swanson in 1966. Located a block from Saguaro National Forest, yet minutes to Downtown and the UofA campus, 3706 sqft, 6...
  • EXECUTIVE DIRECTOR
    The Friends of the San Juans is seeking a new leader guide our efforts to protect and restore the San Juan Islands and the Salish...
  • 80 ACRES
    straddles North Platte Fishery, Wyoming. Legal access 2 miles off 1-80. Call 720-440-7633.
  • DIRECTOR OF PRODUCT AND MARKETING
    High Country News seeks a Director of Product and Marketing to join our senior team during an exciting chapter of innovation and growth. This individual...
  • OWN A THRIVING MOUNTAIN GUIDE SERVICE.
    Eastern Sierra guide service for sale to person with vision & expertise to take it onwards. Since 1995 with USFS & NPS permits. Ideal for...
  • IMPROVED LOT
    Private road, hillside, views. Well, pad, septic, 99 sq.ft. hut. Dryland permaculture orchard. Wildlife. San Diego--long growing season
  • UNIQUE INVESTMENT OPPORTUNITY
    Profitable off-the-grid business located 2 miles from Glacier National Park. Owner has 6 years operating experience. Seeking investor or partner for business expansion and enhancement....
  • REMOTE SITKA ALASKA FLOAT HOUSE VACATION RENTAL
    Vacation rental located in calm protected waters 8 miles from Sitka, AK via boat with opportunities to fish and view wildlife. Skiff rental also available.
  • EXPERT LAND STEWART
    Available for site conservator, property manager. View resume at http://skills.ojadigital.net.
  • CONSERVATIONIST? IRRIGABLE LAND?
    Stellar seed-saving NGO is available to serious partner. Package must include financial support. Details: http://seeds.ojaidigital.net.
  • CANYONLANDS FIELD INSTITUTE
    Colorado Plateau Natural & Human History Field Seminars. Lodge, river, hiking options. Small groups, guest experts.
  • WESTERN NATIVE SEED
    Specializing in native seeds and seed mixes for western states.
  • CHUCK BURR'S CULTUREQUAKE.COM BLOG
    Change will happen when we see a new way of living. Thinking to save the world.
  • COMING TO TUCSON?
    Popular vacation house, furnished, 2 bed/1 bath, yard, dog-friendly. Lee at [email protected] or 520-791-9246.
  • OJO CALIENTE COMMERCIAL VENTURE
    Outstanding location near the world famous Ojo Caliente Mineral Spring Resort. Classic adobe Mercantile complete w/living quarters, separate 6 unit B&B, metal building and spacious...