Broadmoor meeting with area officials over Cog Railway's fate

COLORADO SPRINGS, Colo. (KKTV) - The Broadmoor CEO confirms he has met with "several" government agencies as his hotel ponders whether to reopen the beloved Cog Railway or shutter it permanently.

President and CEO Jack Damioli told our partners at The Gazette that the ultimate decision lands somewhere in between "either a complete closure or a complete rebuild and replacement of the engines, cars, track and even potentially the depot." Damioli told The Gazette the cost of a total rebuild would be in the tens of millions of dollars.

The Gazette says the Manitou Springs mayor and representatives of the city of Colorado Springs, El Paso County and The Convention and Visitors Bureau have met with The Broadmoor, A meeting was held Wednesday with several agencies, but Damioli did not divulge who was in the meeting.

"I'm not going to get into the details, but we're talking with all the stakeholders on how we could potentially work together to make this work," Damioli told The Gazette.

The 126-year-old train was closed in November for maintenance, with the closure extended indefinitely in March, much to the dismay of many local residents and tourists.

The hotel says it hopes to complete its review of the Cog in the next 60-90 days and make a decision on its fate sometime thereafter.

For the full Gazette report, click here.