COLORADO SPRINGS, CO - Is a U.S. Olympics museum a viable tourist attraction in Colorado Springs? The City of Colorado Springs Convention and Visitors Bureau thinks so.The bureau pledged a half-million dollars out of its reserve fund to put towards the funding of the museum.
The current plan is to build the museum upon donated land on the city's southwest side. At a projected $75 million dollar price tag, however, some fear it could end up as a major boondoggle that never fulfills the estimated 350,000 tourists per year that city officials are hoping for.
Museum hopefuls have until a March 31st deadline to raise the 8.8 million dollars necessary to continue with the plan. Museum oragnizers have also applied in an additional $500,000 in LART money from the lodging and automobile rental tax program.