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USOC deal financing might not be as good as touted (access required)

by John Hazlehurst

Published: October 15,2009

Time posted: 12:14 pm

Tags: City of Colorado Springs, COPs, LandCo, USOC

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The city is touting its success in selling $32.48 million in certificates of participation that will fund the U.S. Olympic Committee deal, which it claims is a price considerably below original estimates. But as with any complex financial deal, the devil is in the details -- and the deal might not be as sweet as the city is spinning. "The debt service ...





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