​URA Period:  2010 - 2035

Developer Contact
Northgate Properties, LLC
Mr. Gary Erickson
1295 Kelly Johnson Blvd, Ste. 230
Colorado Springs, CO 80920
719 531-0707
Gary.Erickson@executivecompany.com

Location:  Approved by the Colorado Springs City Council on May 11, 2010. The area contains 24 legal parcels plus public rights-of-way located within the Copper Ridge at Northgate Metro District.  The boundaries of the Area include approximately 289 acres of land.  Geographically, it is situated immediately east of Interstate 25 and south of North Gate Boulevard, in northern Colorado Springs within the city limits.
 
Plan Goals:  Based on current market studies and the City of Colorado Springs’ Comprehensive and Long-Range Transportation plans; the specific development objective for the Plan is to construct the remaining segment of Powers Boulevard (a 4 lane expressway) from State Highway 83 to Interstate 25.  The primary component of the development will include approximately 640,000 sf upscale retail space.  Other proposed uses include:  restaurant, office, hotel, mixed-use and entertainment. 

Completion of Powers Boulevard is a priority project in the City’s Long-Range Transportation Plan and will be constructed in two phases. 

 Phase 1 – consists of the I-25/North Gate Powers interchange complex on the west end of the connection and a signalized intersection at Powers and Voyager Parkway on the east end.
 
Phase 2 – consists of a grade separated interchange at Voyager Parkway and Powers on the west end and grade separated Interchange at State Highway 83 and Powers on the east end.
 
North Powers Boulevard will be constructed by a special improvement district (Copper Ridge Metropolitan District), financed with district bonds to be repaid using a portion of the sales and property tax increments generated by the retail center. The name change from Copper Ridge to Polaris Pointe was initiated by the USAFA.
Current Status:  The Spectrum Loop Bridge over Powers Boulevard was completed in April 2018, total cost $2.4 million.  By the fall of 2018, Spectrum Loop was completed from the new bridge to Voyager Parkway opening more buildable lots.
 
​Polaris Pointe at Northgate currently has 57 existing shops with more dining, entertainment and shopping coming in 2019.  

​Tax Increment Funding: In March 2019, City Council agreed to adjust the current city sales tax from 1.0% to 1.75% in order to meet the development goal of connecting Powers Boulevard to I-25. URA Funds spent/being spent on Powers Phase 1.
 
​Development and Design Objectives

Completion of Powers Boulevard is a priority project in the City’s Long-Range Transportation Plan. The roadway will be constructed by a special improvement district, financed with district bonds to be repaid using a mutually agreed upon portion of the sales and property tax increments generated by the retail center. Other objectives include:
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  • Eliminate and prevent blight
  • Implement the City of Colorado Springs Comprehensive Plan
  • Ensure orderly growth
  • Stimulate development of vacant and underutilized land in and adjacent to the Area
  • Improve relationship between this area and surrounding areas
  • Increase property values and strengthen the City’s economic base
  • Provide uses supportive of and complementary to planned improvements (transportation, transit, utilities, parking, etc.)
  • Encourage a mix of uses and project types
  • Promote a variety of products to address multiple segments
  • Encourage continued presence of businesses consistent with the plan vision
  • Provide a range of financing mechanisms for private property re-investment and investment
  • Encourage public-private partnerships to implement the plan
  • Facilitate cooperation among government agencies
  • Advance higher standards through quality design and material selection