Where Is It? Travel Destinations in Photographs by WeGoPlaces.com

Correct!  The photo is of the Colorado Balloon Classic in Memorial Park, Colorado Springs - http://www.balloonclassic.com.  The photo was provided by Paul D deBerjeois - http://colorbandit.com.  

The view is shooting towards the southwest from the north bank Prospect Lake.  The summit of Pikes Peak absent snow cover is visible in the extreme right, Cheyenne Mountain, home of NORAD, is at the extreme left.  This photo was taken on Aug 31 with a Nikon D200 using an 18-200mm Nikkor lens.

Find things to do in in Colorado Springs here: www.wegoplaces.com/...loradoSprings_Region_21.aspx