The event is held in Memorial Park off Pikes Peak Avenue between Hancock Ave. and Union Blvd near the shores of Prospect Lake. Mass ascensions with over 100 balloons are scheduled for Saturday, Sunday and Monday mornings with a Balloon Glo® scheduled for Saturday and Sunday evenings. Each year a variety of concessions are available and entertainment is provided during each event.
The Colorado Balloon Classic (a division of Colorado Springs Balloon Classic, Inc.) was organized in 1977 and has grown to be the largest and the longest continuously running hot air balloon festival in the Rocky Mountain Region as well as the State of Colorado. The Colorado Balloon Classic is an annual family event - admission is free - held each Labor Day weekend.