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Penrose used his vast amounts of money to invest in other national mineral concerns and financed construction of the Broadmoor Hotel (1918), the Cheyenne Mountain Zoo (1926), the Will Rogers Shrine of the Sun, the Pikes Peak Highway (1916), the Glockner-Penrose Hospital, and established the El Pomar Foundation (1937), which still oversees many of his contributions in Colorado Springs today.
Spencer Penrose was a philanthropist who helped construct the Broadmoor Hotel complex in Colorado Springs, Colorado, where the first ten college ice hockey championships were held.