LandCo drops suit against USOC

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.”

3 Responses to “LandCo drops suit against USOC”

1. Like it'll matter ..... Says:
   June 10th, 2009 at 9:30 am

   ……. even though we still don’t/won’t know squat about how whatever deal the parties end up making came about, I hope it actually ends up w/the USOC downtown & the NGO’s in Confluence, er, ATB Park. That’ll be a GOOD thing for our little’ole mountain town ……..

2. Moe DeLaun Says:
   June 10th, 2009 at 11:30 am

   When this is all settled (and I think it will be very soon), both the City and USOC need to RUN — not walk — away from LandCo and any of its projects as fast as possible. The USOC debacle is just the tip of the iceberg.

   As for the city council’s secrecy and total failure to fess up to the public on all the backroom deals surrounding this farce, I will remember everything when the next council elections roll around. Their collective evasiveness will not soon be forgotten.

3. Chris Kim Says:
   July 6th, 2009 at 10:47 pm

   Having worked with LandCo and partners, shady backroom deals are the norm for that company. Also to add to the comments about the city council, I would not forget the obvious connections to the mayor that companies has. Next elections, we ought to wash our hand of not only the part but the whole as to leave part would only let the status quo fester rather than lead to real change.