LandCo Equity Partners and the U.S. Olympic Committee said today that they have resolved all disputes relating to the USOC and LandCo’s relationship as part of the project to retain the USOC in Colorado Springs.
Because they resolved these disputes, LandCo dismissed the USOC from its lawsuit captioned LandCo Equity Partners, LLC et. al. v. The City of Colorado Springs, et al., Case No. 09-cv-00692-DME-MEH, which is pending in the U.S. District Court for the District of Colorado.
LandCo did not settle its claims against the City of Colorado Springs or any of the individuals or entities associated with the city.
However, Vice Mayor Larry Small said this morning that a resolution with the city is still possible.
“We’re very close to having a full agreement (with the USOC and LandCo), I hope by our next meeting,” he said. “If it comes earlier, I’d support a special meeting to vote on the agreement.”
Small also said that City Attorney Pat Kelly would be filing a motion to dismiss the suit tomorrow in Denver District Court.
“If the suit is settled by tomorrow, then the motion to dismiss is just a formality,” Small said. “Otherwise, it just buys some more time.”