Landco project for the U.S.O.C.
/ Courtesy: CSBJ
FOX21 News has been told 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 U.S.O.C. on March 31, 2008.
"The U.S.O.C has terminated the Economic Development Agreement, the Design Build Agreement and Affiliation Agreement amongst the city, LandCo and the U.S.O.C.," U.S.O.C. 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."
Watch FOX21 News at Nine tonight for additional details.
Information also provided by CO Springs Business Journal.
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