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BUC-EES PALMER LAKE NEWS
Buc-ee’s didn’t lose the Palmer Lake fight. They just won it in a way nobody is talking about.
Two years of chaos. A mayor resigned. Multiple trustees resigned. Lawsuits. Recall campaigns. A citizen ballot initiative. Palmer Lake tore itself apart trying to stop this project. In February, Buc-ee’s walked away and everyone cheered.
Then on April 2nd, they filed a warranty deed.
Here’s what actually happened:
▪️ A brand new LLC called Buc-ee’s EPCO was quietly formed January 15th by Buc-ee’s general counsel
▪️ That LLC paid over $10 million cash for the same 53 acres they were trying to annex
▪️ The sale transferred two well permits with the land. Over 11 million gallons of groundwater per year from the Denver and Arapahoe Aquifers
▪️ The deed includes a restrictive covenant blocking the neighboring parcel from ever being used as a gas station, convenience store, car wash, or BBQ joint
They didn’t need a town. They needed a deed, water rights, and a good lawyer.
This is textbook commercial real estate strategy and most people in Colorado Springs have no idea it just happened.
I’ve been tracking this saga from day one and local news is only covering the headline. I’m covering the moves behind it.
Part two drops this week and it’s all about the water.
Follow so you actually know what’s happening to the land around you.
Save this.
Send it to someone in Monument, Palmer Lake, or anywhere north of the Springs. They need to see it.
What do you think Buc-ee’s files with the county next? Drop it in the comments.
KYLE | the most famous Realtor in Colorado Springs
Transcript
Everyone thinks Buc ee's lost the Palmer Lake fight. They just won it, and nobody is telling you how. Two years of chaos, a mayor resigned, multiple trustees resigned, lawsuits and recall campaigns, a ballot initiative. Palmer Lake tier itself apart trying to stop a 120 tier travel center. Then in February, Buc ee's walked away. Everyone cheered. Fight tier. Right? Wrong. On April 2, a brand new LLC called Buc ee's EPCO filed a warranty deed in El Paso County. That that LLC was formed January 15 by Buc ee's own general counsel. They paid over $10,000,000 for the same 53 acres that they were trying to annex. A cash transaction. Private sale. No public hearing. No town vote required. They didn't need Palmer Lake. They just bought their way around it. Here's what nobody is reporting. They deed transferred two well permits with the land as well, Denver Aquifer and the Arapahoe Aquifer, over 11,000,000 gallons of groundwater per year. That was the community's number one objection for two years. Buc ee's just acquired it anyway. And the part that made me stop in my tracks, that deed includes a restrictive covenant that blocks the neighboring parcel from ever being used as a gas station, convenience store, car wash, barbecue joint. They killed the competition before it existed, which is not amateur hour. This is textbook commercial real estate strategy. They didn't need a town. They needed a deed and water rights and a good lawyer, and that's exactly what they have and that's exactly what they got. I've been tracking this from day one. Local news is covering the headline, but I'm covering the strategy. Part two drops this week. Follow me so you actually know what happens next in the Colorado Springs real estate world. Save this. Send it to your neighbor up north. I'll see you in the next one. I'm Kyle Better, and I keep track of all things Colorado Springs no you don't have to.
