Mar 22

PPCC Purchases Downtown Property

Posted by on March 22, 2013

Colorado Springs, Colo. – March 22, 2013 – Pikes Peak Community College (PPCC) today purchased the property located at 22 N. Sierra Madre in downtown Colorado Springs for $727,000. Located in the Central Business District, the property is directly west of the college’s Downtown Studio Campus (DTSC).

Previously occupied by Gowdy-Printcraft Press, from 1955 – 2005, the property consists of an existing 10,135 square foot two-story vacant warehouse and is located on .77 acres.

Since 2006, the DTSC has experienced higher growth rates than the college’s other campuses. Most of PPCC’s arts programs, as well as its Weekend College, reside there and course offerings at the campus have increased by 50 percent. These increases create both academic space demands and an immediate need for additional parking. Purchase of the property helps meet the short-term need of additional parking, creating approximately 80 new spaces, helping reduce the annual parking costs of DTSC by approximately $92,000 annually.

PPCC’s academic master plan calls for continued expansion of the college’s arts programs, including graphic design, visual arts and performing arts, as well as developing more night and weekend college options. Similarly, PPCC’s facilities master plan calls for addressing continued growth opportunities and developing student support services to improve student success. Purchase of this property will help PPCC meet its long-term goals stated in both plans and ultimately help the college achieve its vision of “Students Succeed at PPCC.”

Pikes Peak Community College, in its 45th year of operation, is a two-year college offering associate’s degrees and various certifications in career and technical fields. With four campuses, three military education centers in El Paso county and more than 200 programs of study, PPCC serves approximately 22,000 students annually.

Images of the purchase can be viewed at the following link:
http://www.flickr.com/photos/ppccedu/sets/72157633064499434/ 

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