More Wayne Heilman Articles

Wayne Heilman

Business Reporter

  • King's Deer resident, family step up to save Colorado Springs-area golf course

    Updated: 22 hr ago

    A King's Deer resident and his father, a North Carolina resident, have teamed up to lease the development's shuttered golf course, with plans to open it next month and buy it once a Nebraska bank forecloses on the property in September. Almond Golf LLC, a company created by Doug...

  • Business alliance in Colorado Springs names chief business development officer

    Updated: Mon, Apr 14, 2014

    Lynn Allan "Al" Wenstrand has been named chief business development officer for the Colorado Springs Regional Business Alliance, where he'll head up the organization's economic development and business recruiting efforts. The position has remained vacant since David White resigned in...

  • Lawsuit accuses Woodland Park man and his business of running Ponzi scheme

    Updated: Thu, Apr 10, 2014

    A Woodland Park man and his company have been ordered by a Denver District Court judge to stop selling interests in mortgages on distressed houses amid allegations that he has raised more than $1.6 million from at least 25 investors in what regulators say is a Ponzi scheme. Richard...

  • Criminal charges reinstated against Colorado Springs developer Ray Marshall

    Updated: Thu, Apr 10, 2014

    The Colorado Court of Appeals reinstated criminal charges Thursday against Colorado Springs developer Ray Marshall, overturning a 2012 decision by a 4th Judicial District judge to dismiss them after he had been acquitted in a separate case. Marshall, chairman of LandCo Equity...

  • Glimmer of good news emerges in otherwise stagnant jobs report for Colorado Springs

    Updated: Wed, Apr 9, 2014

    The Colorado Springs area unemployment rate can't seem to shift out of neutral. According to the latest data released Wednesday by the U.S. Bureau of Labor Statistics, February's rate stayed at 7.5 percent for a third consecutive month, although payroll jobs grew moderately to a...

  • Lessons from Hurricane Katrina, Superstorm Sandy shaped quicker military response to Black Forest fire

    Updated: Wed, Apr 9, 2014

    Colorado wildfires have taught military commanders how to respond more quickly to disasters, the deputy commander of U.S. Northern Command told Colorado Springs business and civic leaders during a luncheon Tuesday. Lt. Gen. Michael D. Dubie said helicopters were battling the Black...

  • Colorado Springs medical laser company forecasts gloomier year

    Updated: Tue, Apr 8, 2014

    Spectranetics Corp. says a "temporary disruption" tied to a sales force expansion is to blame for first-quarter sales that fell short of its expectations and triggered a larger-than-anticipated loss. The Colorado Springs-based medical laser manufacturer said Monday that revenue in...

  • Exelis’ move to spin off company is recent formula used by defense contractors

    Updated: Sun, Apr 6, 2014

    When Exelis spins off its Colorado Springs-based Mission Systems operations into a separate company named Vectrus, it won't be marching into uncharted territory. McLean, Va.-based Exelis will become the fourth major defense contractor in four years to spin off its low-profit services...

  • Colorado Springs startup GetOutfitted ices competition in Big Ideas battle

    Updated: Wed, Apr 2, 2014

    A startup company that rents winter sports clothing online has big plans to expand the service globally and capture a major part of the $53 billion ski products market. On Tuesday, GetOutfitted took a major step toward its goal by winning the $25,000 first prize in the Colorado...

  • Colorado Springs gaming company reports huge earnings jump in 2013

    Updated: Tue, Apr 1, 2014

    Century Casinos Inc. blames summer flooding and winter storms for 2013 earnings that fell just short of stock analysts' forecasts, despite jumping 51 percent from a year earlier. The Colorado Springs-based company reported Monday that it earned $6.18 million, or 26 cents a share,...

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