City Proposes $53M To Keep Olympic Committee

By  | 

Colorado Springs and the U.S. Olympic Committee are close to completing an agreement that would keep the USOC headquarters in the city.

The City Council plans to hold a special meeting Monday to formalize the agreement. The city also plans to release documents detailing its proposal to keep the USOC in Colorado Springs.

The USOC, a fixture in Colorado Springs for nearly three decades, was considering various proposals to relocate because of its aging, cramped facilities.

The $53 million incentive package to keep them in Colorado Springs includes the developing of a six-floor downtown building at 27 South Tejon Street for the USOC Headquarters, renovation of a building adjacent to America the Beautiful Park to house Olympic governing bodies, improvements at the OTC to include 158 new housing units for athletes, expanded dining facilities and upgrades to the visitors center.