A $75 million U.S. Olympic Museum

Nor’wood Development Group, the Springs’ biggest locally based development company and a City for Champions backer, donated land for the museum.

Nor’wood – developer of some of the city’s highest-profile office, retail and residential projects – is the largest private property owner in southwest downtown, according to El Paso County land records. Nor’wood and another Springs developer began assembling land in the area in the late 1990s in anticipation of the city’s urban renewal declaration. Nor’wood now controls the land, and has nearly 18 acres, records show.

Not surprisingly, Nor’wood is eager to see its investment pay off. But southwest downtown’s makeover isn’t just about his company, said Nor’wood president Chris Jenkins.

A pedestrian bridge will span railroad tracks in the area to link the museum to America the Beautiful Park and the Pikes Peak Greenway trail network. Spruced up streetscapes, improved bicycle access and a new Colorado Department of Transportation interchange at nearby Interstate 25 and Cimarron Street will help transform the area “beyond what any could have imagined,” Jenkins said

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