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.

  • Crews demolish the 1960s-era Pikes Peak Summit House Tuesday, April 6, 2021. / Courtesy City of Colorado Springs
    Crews demolish the 1960s-era Pikes Peak Summit House Tuesday, April 6, 2021. / Courtesy City of Colorado Springs
  • Drone captures Pikes Peak Summit House demolition - courtesy Windstar Studios, Inc.
    Drone captures Pikes Peak Summit House demolition – courtesy Windstar Studios, Inc.
  • The 1960s-era Pikes Peak Summit House when it was operational. / Courtesy City of Colorado Springs
    The 1960s-era Pikes Peak Summit House when it was operational. / Courtesy City of Colorado Springs
  • The 1960s-era Pikes Peak Summit House when it was operational. / Courtesy City of Colorado Springs
    The 1960s-era Pikes Peak Summit House when it was operational. / Courtesy City of Colorado Springs
  • Pikes Peak Summit House
    Courtesy: City of Colorado Springs
  • Pikes Peak Summit House
    Courtesy: City of Colorado Springs

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.”