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​The fourth City for Champions project will be comprised of two separate facilities.  The outdoor downtown stadium will become the permanent home of the Colorado Springs Switchbacks while the event center will serve as the new home of the Colorado College ice hockey team. The facilities will be state of the art, multi-purpose venues designed to host professional, Olympic and amateur sporting events as well as entertainment and cultural events.  Partnering and providing private financial funding in the venture are Colorado College, the Colorado Springs Switchbacks and Weidner Apartment Homes.

​​Downtown Stadium:
The proposed downtown stadium will be located at the CityGate property bordered by Cimarron to the North, Moreno to the South, Sierra Madre to the West and Sahwatch to the east.  The facility will be a mixed use development which will feature a rectangular field of play and will serve as the permanent home of the Colorado Springs Switchbacks.  The stadium is anticipated to have 8,000 spectator seats, expandable to 15,000  for sporting events, and will be a multi-use facility which can accommodate a wide variety of sporting and entertainment events.   The stadium will be constructed together with a mixed-use residential and commercial development in partnership Weidner Apartment Homes.  Weidner will receive naming rights to the stadium.  The combined project is estimated at $60 million dollars.  For additional updates and the newsletter email  DowntownStadiumC4C@gmail.com   

Schedule:
Planning and Design:  Through Fall 2019
Construction:  Fall/Winter 2019 - Early 2021
Anticipated Opening:  Spring 2021
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Indoor Events Center:
​The indoor events center, named the Edward J. Robson Arena, will feature 3,000 permanent seats and capabilities to host ice-based and other sports, as well as entertainment events.  The planned arena, which will have less than half the seats of the Broadmoor World Arena, is comparable in size to the arenas of colleges and universities that have similar numbers of students and Division 1 hockey programs.  The arena will be built on the block bordered by Nevada Avenue, Cache La Poudre, Tejon and Dale Streets, allowing the CC hockey team to play games on campus for the first time since the program started in 1938.

Economic Benefit:
​Economic impact of the Sports and Event Center project is forecasted at $32 million annually and $1 billion over 30 years.  The project is also estimated to generate $1 million dollars in new city sales tax revenue each year and is anticipated to generate over 650 new jobs.  This project impact is a vital part of the combined impact of the four City for Champions projects, which are forecasted to:
  • Boost the region's $1.35 billion annual tourism industry
  • Attract about 1.2 million visitors each year
  • Add more than 500,000 new out-of-state visitors annually
  • Increase retail sales by $140 million each year
  • Increase gross metropolitan product by $217 million annually
  • Add $4.4 million in new sales tax revenue for the city annually
  • Add $2 million in new sales tax revenue for the county annually
  • Leverage a $120.5 million state tourism improvement rebate
  • Allow 23 local TEAM USA National Governing Bodies to host Pre-Olympic and World Championship events here

City for Champions will brand Colorado Springs as Olympic City USA, and invite national/international sports performance and medicine entities to the city-to compete in events and do business.

Funding
The State RTA funding will be approximately $27.7 million over 30 years.  Two-thirds of the revenue, approximately $18.5M, will be dedicated to the outdoor stadium and will support a bond of approximately $10M.  One-third of the revenue, or approximately $9.2M, will be dedicated to the indoor arena and will be distributed to Colorado College as the revenue is received.  Private investment from the project partners will make up the difference to complete the projects.

The cost of the outdoor stadium is estimated at approximately $20 million plus a mixed use development project costing approximately $40 million for a total of $60 million.  In addition to the $10 million in state RTA bond funding, the Colorado Springs Switchbacks will be contributing another $10 million and Weidner Apartment Homes $40 million.  

​The indoor events center will cost approximately $39 million with $9.2 million funded by the state RTA bond proceeds.  The balance (approx. $30 million) will be provided by Colorado College.