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BP donates $1 million to Olympic Training Center

BP will contribute $1 million to the new Ted Stevens Sports Services Center at the U.S. Olympic Training Center in Colorado Springs and to existing U.S. Paralympic programs, the USOC announced Wednesday. Named in honor of the late Alaska senator, the Ted Stevens Sports Services Center will be at the 35-acre Colorado Springs campus, providing… Continue Reading BP donates $1 million to Olympic Training Center

City-funded projects begin at OTC complex

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City-funded projects begin at OTC complex

After five years of drama and intrigue, the multi-million-dollar, tax-funded projects promised to the U.S. Olympic Committee’s training center are under way. Crews are working on two major projects at the Olympic Training Center campus — part of a $40 million city-funded incentive package inked in 2009 to keep the USOC from packing up its… Continue Reading City-funded projects begin at OTC complex

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The U.S. Olympic Boxing team heads to London this weekend and fans have a chance to wish them good luck before they go. Join the team at a special send-off at 7:30 p.m. Friday outside the Visitors’ Center at the U.S. Olympic Training Center. All the team members will be on hand and exclusive posters… Continue Reading Fans can send off Olympic boxing team to London Games

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The rest of the nation knows Colorado Springs as a sports mecca, from the Olympics to mountain biking to ice hockey. Locals, however, may be unaware of the full extent of the city’s sports connection, from youth soccer to annual championships involving teams from around the world. This story gauges the economic impact of the… Continue Reading Ka-ching! When athletes hit town, the dollars follow

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Deal or no deal?

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City appears to be in no rush to issue COPs to pay for USOC headquarters project The City of Colorado Springs has yet to market the debt instruments that will pay for its share of the cost of building new facilities for the U.S. Olympic Committee and the Olympic Training Center. The city’s commitment, estimated… Continue Reading Deal or no deal?

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The deal

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The U.S. Olympic Committee/Olympic Training Center project cost was originally estimated at $53.5 million. The city’s share is about $27 million, to be financed by certificates of participation. The El Pomar Foundation will kick in $2 million, and the state economic development office has agreed to provide $500,000. LandCo Equity Partners LLC had reportedly secured… Continue Reading The deal

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