Bishop Capital Corporation is engaged in the development and sale of real estate and has a royalty interest in a natural gas property.
Real Estate Operations
Colorado Springs, Colorado: The company has two limited partnership agreements to purchase approximately 90 contiguous acres of land in Colorado Springs, Colorado. The property surrounding the acreage is primarily retail development (restaurants, major grocery chains, gas stations, convenience stores and small retailers) to serve nearby r...
Bishop Capital Corporation is engaged in the development and sale of real estate and has a royalty interest in a natural gas property.
Real Estate Operations
Colorado Springs, Colorado: The company has two limited partnership agreements to purchase approximately 90 contiguous acres of land in Colorado Springs, Colorado. The property surrounding the acreage is primarily retail development (restaurants, major grocery chains, gas stations, convenience stores and small retailers) to serve nearby residential developments.
Partnerships
The company, through the first partnership (Bishop Powers, Ltd.), purchased approximately 55 acres of land (comprising separate 20 and 35 acre parcels) for commercial development. The company, as general partner, has an 81% interest with the remaining 19% interest held equally by two individual limited partners who were the general partners in the second partnership (Z-H, Ltd., LLLP).
The company commenced initial development of the 20 acre parcel 1998 and is continuing to develop the remaining acreage. Of the 35 acre parcel 5 acres have been developed into Creekside Center at Galley and 20 acres were contributed to Creekside Apartments, LLLP for the construction of the apartment complex and a public road.
In 1998, the company entered into a limited partnership agreement (Creekside Apartments, LLLP) with an unrelated third party to develop and construct a 328 unit apartment complex.
The company, through the second partnership (Z-H,Ltd., LLLP), purchased approximately 35 acres of land on which the partnership constructed a recreational facility, Hitters Haven. The company, as the limited partner, had a 19% interest with the remaining 81% interest held equally by two individual general partners. In 2002, Z-H, Ltd., LLLP sold its Hitters Haven Property
Riverton, Wyoming: In 1995, the company acquired approximately 5 acres of undeveloped real estate located adjacent to a golf course in Riverton, Wyoming.
Natural Gas Royalty Interest
In 1990, the company purchased a royalty interest in certain natural gas properties located in Wyoming from an unrelated third-party. The company formed Bridger Creek Partnership (the Partnership) that allocates to the company, as general partner, from the partnership and 80% of annual net income.
History
The company was incorporated under the laws of the state of Colorado in 1983. It was formerly known as Bishop Cable Communications Corporation and changed its name to Bishop Capital Corporation in 1995.