The author of the economic impact analysis describes the study as ‘the ultimate downside risk analysis.’
Continue reading …Attorney Lindsay Fischer filed a lawsuit yesterday afternoon in El Paso County District Court challenging the city’s proposed issuance of certificates of participation to fund the proposed economic development agreement between Colorado Springs and the U.S. Olympic Committee.
Continue reading …Selection of a general contractor to complete interior work on the U.S. Olympic Committee headquarters building at 27 S. Tejon St. will be handled through a formal city bid process. “There is no inside track,” said city spokeswoman Sue Skiffington-Blumberg. Lee Jenniges will be the city’s contact for the project award. The deadline for responses to the [...]
Continue reading …At a brief and sparsely attended meeting this afternoon, City Council approved the new economic development agreement with the U.S. Olympic Committee and agreed to settle the lawsuit that LandCo Equity Partners filed against the city in federal court.
Continue reading …Attorney Lindsay Fischer, who has publicly expressed doubts about the legality of the city’s plan to fund the economic development agreement with the U.S. Olympic Committee, says the city is making last-minute changes to the deal’s funding structure.
Continue reading …Colorado Springs attorney Lindsay Fischer has prepared a brief challenging the legality of the certificates of participation that the city intends to use to fund the proposed U.S. Olympic Committee deal.
Fischer, who also represents Central Bancorp chairman Ron Johnson in his complaint filed with the city Ethics Commission about Mayor Lionel Rivera, said that these COPs would be multi-year obligations, and as such must be approved by voters.
Continue reading …As City Councilman Bernie Herpin predicted several weeks ago, the new U.S. Olympic Committee deal is very much like the old USOC deal, except that the city is now the only paymaster.
The cost of the deal: more than $50 million.
Continue reading …Early this afternoon, City Councilman Bernie Herpin confirmed that Colorado Springs and LandCo have resolved their lawsuit.
Continue reading …Will there be, as rumored, a presentation about the newly minted U.S. Olympic Committee deal at today’s informal City Council meeting? The answer is yes, no or maybe. Here’s what the agenda says. “In accord with the City Charter Art. III, §3-60(d) and its incorporated Colorado Open Meetings Act, §24-6-402(4)(a,b,e), C.R.S., the City Council, in Open Session, is [...]
Continue reading …Mayor Lionel Rivera apparently never told his fellow City Council members that he had a fiduciary relationship with LandCo Equity Partners CEO Ray Marshall. The relationship was revealed this morning during a hearing conducted by the city’s Independent Ethics Commission. John Cook, an attorney who has represented Marshall, told the commission that Rivera had been [...]
Continue reading …
Loading ...
