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Capital Development Committee
CU Anschutz walked the Capital Development Committee through a $22.5 million cash acquisition of a 106-room campus hotel, while Colorado State University's trio of two-year cash requests — including a $29.6 million boiler replacement and a roughly $50 million HVAC overhaul — ran into pointed questions over whether bond-financed asks belong before the committee at all.
Key Actions
·CU Anschutz hotel acquisitionLaid over
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Notable Quotes
“We believe ownership by CU Anschutz is vital to maintaining the hotel's value to our community and partners. As future owners might not share the vision.”
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Capital Development committee will come to order. Mr. Almazzada, please call the roll committee members. Henriksen. Here. Lindsey. Excused. Pelton B. Here. Winter. Here. Story. Excused. Mr. Chair. Here. Members. Our first order of business. Today's consideration of two year cash requests for University of Colorado. Welcome. Who wants to start us off? I think I will. I'm Terry Carruthers. I'm the Executive Vice Chancellor for Administration and finance at CU Anschutz. And good morning, Mr. Chair and Capital Development Committee members. Thank you for considering our cash acquisition request this morning. Chancellor Elliman sends his apologies for not being here. He's currently out of the country, so the team is here to carry things across. The hotel at 13025 E Mountain View Blvd became available for purchase late in the fall of 2025 at an acquisition price of 22.5 million. The current owner was involved in a few development properties north of the campus and has been divesting all of them over the past year due to strategic repositioning efforts of its position business. Opened in 2023, the hotel is directly north and adjacent to the CU Anschutz campus. It offers lodging, dining, fitness facility, faculty club and conference…
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