Adams Mountain – History
Adam’s was originally located at 733 Manitou Avenue and moved to 110 Cañon Avenue in 1995. Greg Adams started the cafĂ© in 1984 and sold it to Merry Peniston in 1985. With some adjustment to the menu, the cafĂ© quickly became a busy local establishment. Lines would form out the door despite any or all adverse weather conditions. Emphasizing a mostly vegetarian and somewhat eclectic cuisine from around the world, Adam’s has been a favorite destination of locals and tourists for 23 years. The menu has seen little alteration in that every dish is somebody’s favorite.
Adam’s Mountain Cafe is a charming retreat located in the heart of the Manitou Springs real estate area. Known for their thoughtful menu, amazing food, and even better service, the Cafe is a great way to relax after a long day of work. They focus on food preparation and healthy ingredients that are sure to leave you feeling well rested and ready to move on to the next activity. They are even located right next door to one of Manitou’s famous mineral springs. The water that pours from the mineral spring fountain is said to be chalk full of healing minerals and anti-viral properties. So the next time you’re looking to escape from the kitchen, why not try out Adam’s Mountain Cafe? You’re body will appreciate it!
Builders Get Work—if Not Loans—From Banks – WSJ.com
LAS VEGAS—Home builders in some of the nation’s hardest-hit housing markets are going to work directly for banks, in a little-used arrangement that is helping to ameliorate conditions in some battered local economies.
The builders traditionally got loans from banks to build homes, but that credit has largely dried up. The contract work builders are getting is welcome as many of them struggle to stay afloat.
Typically builders do not work for lenders. So it’s nice to see both lenders and builders finding creative solutions to move the economy forward. The money flow has usually gone from lender to developer to builder. But with many developers facing financial problems and focusing on their own business survival, lenders are turning to builders to help complete new communities. This allows lenders to make a small return on their original investment, while helping local builders stay in business keep their employees paid.
Although the housing crisis didn’t hit the Colorado Springs homes for sale quite as hard as other parts of the country, we still have our fair share of hurting communities….especially in newer areas. This new trend in lenders acting as developers leads me to question the paradigm we have all built in our minds of what a “bank-owned” home really looks like.
