FOUNTAIN VALLEY — The aerospace industry is growing in El Paso County, and a plan for a new aerospace business center is underway.
The 320,000 square foot project is lead by AZ Opportunity Fund and Acro Murray.
The project has several phases. The first includes an 85,000 square foot building that can house up to four different aerospace companies.
The new business center is located on Foreign Trade Zone, just off of Bradley Road.
Along with several buildings for aerospace companies, the plan includes four and a half acres for retail business development.
"At the corner of Foreign Trade Zone Boulevard and Bradley Road, we have four and a half acres for retail, those are pad sites," said Brady Welsh, Principal of AZ Opportunity Fund. "They could be used for restaurants or other services for this community."
The first building is expected to be completed by January 2026.
___
Is it 'truly' affordable to live in Colorado Springs?
How easy is it to find an affordable home? If someone earns $51,000 a year and a third of their income goes to rent, they would need to find an apartment for about $1,280 a month. News5's Eleanor Sheahan takes you on a journey searching for this answer.
____
Watch KOAA News5 on your time, anytime with our free streaming app available for your Roku, FireTV, AppleTV and Android TV. Just search KOAA News5, download and start watching.
