oly usoc headquarters 110909
On the homepage
Vikings
Out There
Artetera
Table Talk
Charitable donation helps Colorado Springs fulfill first part of USOC headquarters obligation
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on DiggMore from Olympics
COLORADO SPRINGS, Colo. - A charitable foundation is donating $3 million to help keep the U.S. Olympic Committee headquarters in Colorado Springs.
The El Pomar Foundation, one of Colorado's largest charities, announced Monday it was donating the money to help Colorado Springs satisfy a $13 million requirement in the first phase of a $53 million project.
The project will pay for new USOC headquarters, Olympic Training Center improvements and buildings for a number of national governing bodies.
The rest of the $13 million, due to the USOC by Nov. 18, will be raised through the city's sale of "certificates of participation" and from a $500,000 state grant.
Another $3 million is due Sept. 18, 2011, and a committee including former USOC president Bill Hybl has been formed to raise the money.
Recent Olympics stories
Lindsey's Vonn-derful - November 9, 2009
Lindsey's Vonn-derful - The Burnsville native has been a training (and endorsement) machine leading up to Vancouver.
More
Former skier, two-time Olympian Willy Bogner to head Munich's bid for 2018 Winter Games - November 9, 2009
Former skier, two-time Olympian Willy Bogner to head Munich's bid for 2018 Winter Games - Willy Bogner has been named head of Munich's bid for the 2018 Winter Olympics. More
  Open positions!A new career awaits. Look through thousands of listings to find your new job. Start now! Save Your $$ With CouponsDiscounts on services, entertainment, dining, gifts, and more. Start saving! |
Comment on this story | Be the first to comment | Hide reader comments