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In an unanticipated development during Friday morning’s Independent Ethics Commission hearing, John Cook, a lawyer who has represented LandCo’s Ray Marshall in multiple lawsuits filed by Colorado Springs investor Jack W. Mason, confirmed that Mayor Lionel Rivera had been Marshall’s financial adviser at UBS from 2005 to early 2008. Cook came forward after attorney Lindsay… Continue Reading Lawyer confirms relationship between Rivera, Marshall

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By Becky Hurley and John Hazlehurst   The U.S. Olympic Committee and the city are near agreement on a renegotiated deal that would ensure the USOC’s continuing presence in Colorado Springs. A high-ranking USOC official, who requested anonymity, characterized yesterday’s announcement that LandCo Equity Partners had dropped its lawsuit against USOC as “a positive step… Continue Reading New USOC deal nearing completion?

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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… Continue Reading LandCo drops suit against USOC

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City terminates deal with LandCo, USOC

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The City of Colorado Springs has terminated the Economic Development Agreement with LandCo Equity Partners and the U.S. Olympic Committee regarding “USOC facilities.” The facilities include a downtown headquarters building for the USOC, renovation of the National Governing Bodies building and work at the Olympic Training Center. The city also terminated the Purchase and Sale Agreement between the… Continue Reading City terminates deal with LandCo, USOC

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On Nov. 25, Assistant City Manager Mike Anderson sent a breathless e-mail to LandCo CEO Ray Marshall. The subject line: “URGENT-NEED TO MEET.” The e-mail read, in part, “Ray: the city’s underwriting team advised yesterday that they will not be able to market the city’s COPs for the USOC HQ building unless we obtain a… Continue Reading Only truth in USOC building debacle: ‘we are all screwed’

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Mayor Lionel Rivera was pounding the pavement last week, soliciting support for a 1 percent public improvement fee that would be collected by the Downtown Metro District on downtown restaurant and bar sales. Revenue generated by the fee would be used to secure a $1 million loan from the Colorado Office of Economic Development to… Continue Reading Mayor peddling new fee to salvage USOC deal

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Denver Post reports on USOC building debacle

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The Denver Post is reporting today on a story Springs residents are all too familiar with – the fight to finish the U.S. Olympic Committee’s new headquarters building and keep the organization in town. Click here to read the story. Click here to subscribe to the CSBJ Daily e-mail and receive news updates in your inbox… Continue Reading Denver Post reports on USOC building debacle

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Time for council to earn back lost trust

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Former President George W. Bush, reflecting upon his years in the White House during his last weeks in office, acknowledged that many of his decisions had been controversial, but affirmed his belief that history would vindicate his administration. We leave any such judgment to future historians, whose assessments will be aided by the voluminous records… Continue Reading Time for council to earn back lost trust

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The lawsuit LandCo filed against the U.S. Olympic Committee and the City of Colorado Springs was conceived well before any of the deadlines in the original agreement among the three partners had passed. “(LandCo lawyer) Steve Long has been working on this for six months,” said Russ Rizzo of Linhart P.R., a Denver-based firm which represents… Continue Reading LandCo lawsuit planned before deadlines passed?

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LandCo sues city, USOC

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FOX 21 News is reporting that LandCo, the company overseeing construction of the U.S. Olympic Committee building, has filed suit against the City of Colorado Springs and the USOC, saying the two have failed to keep promises of the development deal. Click here to read the story.

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