News - Local
Ruling seen as obstacle to USOC headquarters deal
Posted: Sep 3, 2009 7:41 AM by Associated Press
Colorado Springs officials say a judge's ruling has complicated efforts to arrange financing for a new U.S. Olympic Committee headquarters.
A judge on Wednesday refused to dismiss a lawsuit that claims city plans to raise $38 million for the project requires voter approval.
City officials maintain their plan to issue "certificates of participation" doesn't require a public vote.
Officials say the ruling could cause them to miss a 45-day timetable to complete financing. That in turn could allow the original developer of the project to reinstate a lawsuit alleging the city failed to hold up its part of the deal.
The deal has been a sore point for some Springs residents who don't believe Colorado Springs should be paying for the USOC's home.
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