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Four Corners 24, December 1, 2024

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FOUR CORNERS STATES EDITION

®

December 1 2024 Vol. II • No. 24

“The Nation’s Best Read Construction Newspaper… Founded in 1957.” Your Four Corners Connection • Dennis Hogeboom • 1-877-877-4997 • dennishogeboom@cegltd.com

Aerospace Hub Construction Starts Photo by Brady Welsh.

Site prep continues at the future site of the Colorado Aerospace Business Center.

Jacobs photo

The future site of the San Juan Lateral Water Treatment Plant lies in northwest New Mexico.

Jacobs Selected to Design, Build NM Water Plant Project Jacobs announced that it was selected by the U.S. Bureau of Reclamation to design and build the San Juan Lateral Water Treatment Plant in northwest New Mexico. The $267 million plant is the largest and most important component of the Navajo-Gallup Water Supply Project. Before the project’s initiation, more than 40 percent of the Navajo Nation households relied on hauling water to meet their daily needs and, to this day, the Navajo Nation estimates that more than a third of Navajo Nation households rely on hauling water to meet their daily needs. When completed, the project will provide water supplies to approximately 250,000 people in 43 Navajo chapters. see WATER page 3

By Cindy Riley

Described as being on the cutting edge of innovation for industrial development, the Colorado Aerospace Business Center (CABC) will serve as a hub for aerospace companies of all sizes and stages of growth. CABC is positioned adjacent to the Colorado Springs Airport on a 31-acre site. “The aerospace industry plays a pivotal role in the economy for the state of Colorado,” said Brady Welsh, AZ Opportunity Fund principal. “Colorado Springs is a key market for innovative companies of all sizes that require modern facilities for research and development, manufacturing, office space and outdoor storage. “The current industrial market fundamentals in Colorado Springs are very favorable for new construction. A combination of very limited new inventory in the pipeline, coupled with increasing rental rates, should bode well for new devel-

CEG CORRESPONDENT

opment projects in the area.” AZ Opportunity Fund celebrated the groundbreaking of the CABC in August 2024, marking the start of the first phase of the more than $75 million project. “CABC has been incredibly well received in the Colorado Springs community,” Welsh said. “We were thrilled to have over 60 people attend our launch party. The attendees ranged from economic development and city officials to real estate professionals in the area. “So far, we’ve invested over two years into making this project come to fruition. The land was originally located in El Paso County, and we collaborated with the seller to complete the annexation of the land into the city of Colorado Springs.” Organizers plan to build out the entire subdivision in three to four phases. see AEROSPACE page 6


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