Editor’s note: The story was corrected to the correct cost of Summit House as $65 million.
(COLORADO SPRINGS) — Colorado Springs City Council has approved a proposed settlement for a lawsuit involving the construction of the Pikes Peak Summit House.
GE Johnson, the company that built the facility, alleged that the city failed to fully pay for the construction. The Summit House opened in 2021 and cost $65 million to complete.
Now, City Council said it has approved a proposed settlement between Pike’s Peak-America’s Mountain, an enterprise operation of the City of Colorado Springs, and GE Johnson. The final terms are being negotiated, and City Council anticipates reaching a settlement agreement “in the near future.”