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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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Commission tables ethics complaint

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 It took the city’s Independent Ethics Commission less than 10 minutes this morning to decide they need more specific information before they can decide whether Mayor Lionel Rivera violated ethics policy. Ron Johnson, president and CEO of Central Bancorp, filed a complaint saying that Rivera handles financial accounts for the developer chosen by the city to build… Continue Reading Commission tables ethics complaint

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Vice mayor: Enough is enough

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Colorado Springs Vice Mayor Larry Small has notified the city attorney and other members of the City Council that he will no longer support closed sessions about the city’s dealings with the U.S. Olympic Committee. He told City Attorney Patricia Kelly that he appreciates her concern about discussing the current litigation in private. “But I… Continue Reading Vice mayor: Enough is enough

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On Friday, we reported on our Web site that the U.S. Olympic Committee had terminated its $52 million agreement with the City of Colorado Springs and LandCo Equity Partners. USOC spokesman Darryl Seibel confirmed the story in an e-mail, which he subsequently sent to other media outlets. But what is even more troubling than the… Continue Reading CSBJ View: City needs to come clean about USOC deal

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The U.S. Olympic Committee has notified the city that it is withdrawing from the “Economic Development Agreement “executed by the city, LandCo and the USOC on March 31, 2008.

“The USOC has terminated the Economic Development Agreement, the Design Build Agreement and Affiliation Agreement amongst the city, LandCo and the USOC,” USOC spokesman Darryl Seibel wrote in an e-mail. “That said, we are still in discussions with the city and LandCo to find a resolution to the open issues and, if possible, see these projects fully developed and delivered.”

Continue Reading USOC withdrawing from deal with city, LandCo

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USOC spokesman Seibel steps down

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(A.P.) Darryl Seibel announced his resignation as chief communications officer at the U.S. Olympic Committee today, the fourth executive to leave the federation since the end of the Beijing Games. Seibel, 41, said he would leave June 5 to pursue new professional opportunities but would offer consulting help on some projects, including the search for… Continue Reading USOC spokesman Seibel steps down

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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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Luke Travins doesn’t much like the proposed public improvement fee that Mayor Lionel Rivera has been peddling to downtown establishments during the last several weeks.

The voluntary 1 percent fee, which bars and restaurants would collect from patrons to help finance the U.S. Olympic Committee’s new headquarters building, has serious structural problems, said Travins, who is part-owner and regional manager of Concept Restaurants, which owns Jose Muldoon’s, MacKenzie’s Chophouse and The Ritz Grill in downtown.

Continue Reading Travins balks at PIF to shore up USOC project

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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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