— Regional Tourism Project - Pursuant to C.R.S. § 24-46-304(3), the Regional Tourism Project is defined as follows: The City of Colorado Springs via the Colorado Springs Urban Renewal Authority shall partner with a non-profit corporation to build and run the U.S. Olympic Museum and Hall of Fame, a Colorado Springs Stadium Authority to build and operate the Colorado Sports and Event Center, the University of Colorado at Colorado Springs or affiliated non-profit entity to build and operate the Sports Performance and Training Center and the U.S. Air Force Academy to build and operate the visitor’s center. Each element of the Project must be of the approximate cost and size described in the first table of this recommendation and with the conditions and eligible improvements described in this recommendation.
— Regional Tourism Advisory Board. The City of Colorado Springs indicated in its application that it will create a Regional Tourism Advisory Board which will make funding allocation decisions between approved RTA Project elements. This Board should be created and will operate subject to the conditions recommended below.
— Stadium Authority – The City of Colorado Springs indicated in its RTA application that it will create a Stadium Authority to oversee the construction and operation of the Colorado Sports and Event Center. Such a body shall be created by the city.
— Financing Entity Designation - Pursuant to C.R.S. § 24-46-303(6), the Colorado Springs Urban Renewal Authority (CSURA) is designated to be the Financing Entity.
— Before any use of RTA funds can begin on the Olympic Museum and Hall of Fame, the non-profit entity that will operate the Olympic Museum and Hall of Fame must obtain a long-term (period to the satisfaction of the Commission) license or other agreement from the USOC for the use of the Olympic name, trademarks, symbols and logos and the exclusive right to operate the Official U.S. Olympic Museum and Hall of Fame within the United States. Additionally the non-profit entity that will operate the Olympic Museum and Hall of fame must sign an agreement with the USOC and USOTC for coordinating exhibits, events between the facilities, sharing memorabilia and operating a shuttle service between the facilities for visitors. These agreements must be provided to OEDIT for Commission approval.
— Per the statements in the City for Champions application, the Olympic Museum Complex must have an “iconic” design and architecture, with a “World Class Facility” with “State of the Art” technology.
— Before any use of RTA funds can be spent on the Colorado Sports and Event Center, the facility must sign and provide to OEDIT, letters of intent, memorandums of understanding, contractual agreements or other similar documents to host at least 20 Pre-Olympic and amateur sporting events such as Olympic Time Trials, Qualifiers, Playoffs and World Championship events that will draw participants from outside Colorado or other events and meetings associated with the Olympic Sports National Governing Bodies for each of the first two years of Project operations. At least 10 of these events each year must be new to the State of Colorado meaning that they have not been previously hosted in Colorado within 5 years prior to the opening of the CSEC.