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USOC says what it needs to
stay,
an article from
The Gazette,
reports that if the U.S.
Olympic Committee is going
to remain in Colorado
Springs it wants 90,000
square feet of prime
downtown office space and
200 new residences for
athletes. In an effort to
try to dissuade the USOC
from moving its
administrative offices and
Olympic Training Center out
of the city, Colorado
Springs officials invited
four real estate companies
to submit proposals on
providing such facilities.
The city has told developers
the USOC needs a mix of
dormitory-style rooms,
apartments and townhomes for
single and married
athletes. USOC also needs
parking for 240 employees
and would like retail space
as part of any project.
Darryl Seibel, USOC
spokesman, said that
decisions on the USOCs
future will be based on a
need to evaluate its
facilities and not with
dissatisfaction over the
Springs as a home. Mayor
Lionel Rivera said, "We're
going to meet their needs,
and we have the resources
to do that."
http://www.gazette.com/articles/usoc_28532___article.html/city_springs.html
Financiers estimate housing
will recover in ’10,
an article from
MSNBC.com,
reports that mortgage
executives predict continued
fall and flattening in
2009. At the Mortgage
Bankers Association's annual
convention, officials with
the government-sponsored
mortgage companies Fannie
Mae and Freddie Mac and CEOs
from two major mortgage
banks said that the
continuing spike in
foreclosures and high number
of unsold homes will prevent
any quick price rebound.
Patricia Cook, chief
business officer of Freddie
Mac, said, "We're probably
in for a reasonable period
of time that we'll see
continued slowing" in the
housing investment market.
Cook and Thomas Lund, an
executive vice president at
Fannie Mae, both have
expressed support for
legislation that aims to
infuse more cash into the
market and give lenders more
leeway to help at-risk
homeowners refinance.
http://www.msnbc.msn.com/id/21314212/
Additional articles that you
may find of interest:
Blue Star Energy wants to go
public
http://www.gazette.com/articles/company_28521___article.html/filing_public.html
Reservoir water flowing into
Palmer Lake
http://www.gazette.com/articles/lake_28542___article.html/water_town.html
525 more downtown parking
spaces
http://csbjblog.blogspot.com/2007/10/525-more-downtown-parking-spaces.html?CFID=34825605&CFTOKEN=47358485
Ritter: Reforms could save
$150 million in 5 years
http://www.denverpost.com/news/ci_7188454
Red-hot Rockies Series-bound
http://www.denverpost.com/news/ci_7189227
Today's the day for Loveland
http://www.rockymountainnews.com/drmn/local/article/0,1299,DRMN_15_5723679,00.html
Goodbye subprime, hello FHA
http://money.cnn.com/2007/10/15/real_estate/mba/index.htm?postversion=2007101517
Cities Find New Ways to
Discourage McMansions
http://www.realtor.org/rmodaily.nsf/pages/News2007101505
Study: ARM Borrowers Don't
Know the Terms
http://www.realtor.org/rmodaily.nsf/pages/News2007101502
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