COLORADO SPRINGS, Colo. - The new Olympic Museum in downtown Colorado Springs continues to take shape, with its opening expected in 2020.
"Construction likely will be finished early next year," said Peter Maiurro, the museum's interim chief executive officer. "But because of the number of exhibits and the technology involved, the public opening won't be until early 2020."
Officials broke ground on the project early last June at the the intersection of Sierra Madre Street and Vermijo Avenue, on the west side of downtown.
The $85 million facility will feature interactive displays and exhibits about Olympic and Paralympic athletes and events, and include a walkway over railroad tracks that would link the museum with America the Beautiful Park.
A hall of fame, theater, gift shop, cafe and broadcast studio are part of the project.
Around $50 million of the museum's cost is financed by private donations, with the rest coming from the sale of Urban Renewal Authority bonds and $600,000 from the city.
Officials said the project also will spur $2 billion in private development over the next 20 years. High-rise buildings offering housing, offices and shops are being planned.
The museum is the first of the four City For Champions venues -- conceived by previous Mayor Steve Bach -- to be built. Earlier this month, plans were announced to build an outdoor stadium downtown and an indoor arena on the Colorado College campus.
Still in the planning stages are a visitors center at the Air Force Academy and a sports medicine center on the campus of the University of Colorado-Colorado Springs (UCCS).
Bob Cope, the city's economic development director, said work on those projects could start late this year or early next year.