USA Cycling ended months of speculation that the American governing body would pull up its roots in Colorado Springs on Wednesday, when it announced that it would remain in that city, but move into new office space on the city's north side.
The building and the land on which it sits were donated to USA Cycling by the Nor'wood Development Group, while additional support from the El Pomar Foundation and the Colorado Springs Economic Development Corporation played a major role in keeping USA Cycling's headquarters in Colorado Springs.
The 26,000 square foot building which sits on two acres of land will house a conference center, education and training facilities, and office facilities for more than 60 employees. It is nearly double the size of the existing facility in central Colorado Springs, which is tentatively scheduled to be razed within the next 12-18 months. Because of the impending demolition of its office space and the significant growth competitive cycling has experienced throughout the last several years, the need for a new headquarters became imperative for the national governing body.
"Without the contributions of so many generous individuals and organizations from within the local community, it's likely that USA Cycling would not have remained in Colorado," commented Steve Johnson, CEO of USA Cycling. "The support of the Colorado Springs community has been incredible throughout the process, and Nor'wood's donation, which served as the foundation for this project, is a remarkable gesture for which we are extremely grateful."
USA Cycling is tentatively expected to move into its new building in late 2008.