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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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USOC to cut work force

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WASHINGTON – The U.S. Olympic Committee announced today it will trim its workforce, further reduce programming and slash more administrative expenses in cost-cutting measures that should save $7.1 million.A gloomy economic forecast prompted the 10-member USOC board to implement the undetermined number of layoffs, expected within a month among 330 employees at the Olympic Training… Continue Reading USOC to cut work force

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Chicago pitches Navy Pier to USOC

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Crain’s Chicago Business reported yesterday that Mayor Richard Daley’s administration has proposed building a home for the United States Olympic Committee on the city’s Navy Pier on Lake Michigan close to Chicago’s downtown. The news comes as the USOC is meeting this morning in Atlanta, where it is expected to review options for a possible… Continue Reading Chicago pitches Navy Pier to USOC

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USA Cycling still undecided

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USA Cycling spokesman Andy Lee said the organization’s board has not made a decision about whether it will move its headquarters from Colorado Springs. Officials said earlier this year that they had expected to make a moving decision by early December. “We definitely have a proposal on the table from Ogden (Utah), but we’re still… Continue Reading USA Cycling still undecided

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El Paso County and the city of Colorado Springs’ Economic Development Divisions have received approval from the Colorado Economic Development Commission to add the United States Olympic Committee retention and expansion project to the list of eligible Enterprise Zone projects. The approval will provide state income tax credits to donors who contribute to the project.… Continue Reading USOC retention project added to Enterprise Zone list

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Springs officials in a panic?

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The Indianapolis Business Journal reported last week that Colorado Springs officials are “in a panic” over losing USA Basketball – and other Olympic governing bodies – possibly to Indianapolis, because the Indiana Sports Corp. is apparently making a “hard run” at USA Basketball. I have told people around town that Indianapolis is a real contender… Continue Reading Springs officials in a panic?

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USA Basketball is looking to move its headquarters and training facilities out of Colorado Springs after the 2008 Summer Games. USA Basketball, the national governing body for men’s and women’s basketball in the U.S., has issued a request for proposal to cities interested in forging a long-term partnership. More than 20 cities have expressed interest.… Continue Reading USA Basketball looking to move from Springs

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National media speculate on USOC move

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The national media have begun to weigh in on the possibility that the United States Olympic Committee might leave Colorado Springs – and at least one reporter has some discouraging words. NBC Sports reporter Alan Abrahamson wrote yesterday there’s a real chance the USOC could be leaving Colorado Springs. “There’s considerable sense in running a… Continue Reading National media speculate on USOC move

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The USA National Karate-do Federation has relocated its national office to Colorado Springs from St. Albans, W.Va. “… We are extremely excited to be located here in … the amateur sports capital of the U.S., where we can continue to develop a close working relationship with the United States Olympic Committee and other Olympic and… Continue Reading Karate national governing body moves to Colorado Springs

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The only location options that the city is considering to keep the U.S. Olympic Committee in Colorado Springs are downtown, and proposals from developers not included in the city’s confidential request for information aren’t being considered. Colorado Springs developer Jannie Richardson said that she would have submitted a proposal, but was told by the city… Continue Reading City, mayor still unwilling to discuss USOC proposal details

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