COLORADO SPRINGS, Colo.—Colorado Springs has proposed a $53 million deal aimed at keeping the U.S. Olympic Committee headquarters in the city.
The proposal, first reported Friday by The Gazette newspaper in Colorado Springs, would give the USOC an incentive package including a new headquarters building, renovated an existing building and add 158 housing units for athletes at the Olympic Training Center.
The City Council scheduled a special meeting for Monday to formalize the agreement.
“We’re thrilled with the decision of the USOC and with the public-private partnership that provided such an attractive package,” Myor Lionel Rivera said in a release.
The USOC board discussed the location of the administrative headquarters and the future of the training center during a conference call Thursday, USOC spokesman Darryl Seibel said. The board didn’t formally accept a proposal “nor was it asked to do so,” Seibel said.
The USOC, a fixture in Colorado Springs for nearly three decades, has been considering various proposals to relocate because of its aging, cramped facilities.
Incentives offered by the city to keep the USOC where it is include $23 million in private contributions through Landco Equity Partners and $27 million in low-interest financing arranged by the city.
Rivera said he will also lead a major fundraising campaign.
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Information from: The Gazette,
