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Intel Ponders More Land Acquisition in Colorado Springs, Colo., Area.
Knight Ridder/Tribune Business News, April, 2001
By Andy Vuong, The Denver Post Knight Ridder/Tribune Business News
Apr. 25--Chipmaking giant Intel Corp. has an option to acquire enough land in Colorado Springs to build its second-largest campus.
The San Jose, Calif.-based company has signed a one-year option on a 700-acre parcel about 3 miles south of the Colorado Springs airport.
The agreement gives Intel a year to decide whether to buy the undeveloped site for $5.23 million. The company has also placed a nonrefundable $300,000 down payment on the site.
Intel will spend the next year conducting a comprehensive assessment of the land, said company spokeswoman Deanna Sauceda.
If Intel buys the site, it would be its second-largest parcel of land behind a 730-acre site in...
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