Friday, October 3, 2014

El Pomar gives $10 million to Olympic museum

Posted By on Fri, Oct 3, 2014 at 1:05 PM

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Two weeks after Nor'wood Development Group donated land southwest of downtown for the U.S. Olympic Museum and Hall of Fame, El Pomar Foundation has decided to donate donate $10 million to the project, the museum announced today.

The museum, part of the City for Champions tourism extravanganza, is being overseen by Dick Celeste, former governor of Ohio who served as president of Colorado College.

El Pomar's president and CEO is Bill Hybl, a Colorado College grad who is president emeritus of the U.S. Olympic Committee, having served during four Olympic Games. Bill also is chairman of the U.S. Olympic Endowment.

El Pomar has assets topping $500 million, built from an endowment created by Broadmoor resort founder Spencer Penrose.

Here's the news release:
Colorado Springs, Colo. – October 3, 2014 — This week, El Pomar Foundation Trustees announced approval of a $10 million dollar grant to the United States Olympic Museum.
The Olympic Museum draws on the strength of the Colorado Springs community. As the headquarters for the United States Olympic Committee and 22 National Governing Bodies for Olympic sport, which include Paralympic sport, Colorado Springs is uniquely positioned to be the site for the nation’s first and only Olympic Museum.

“Colorado Springs is a proven leader in its support of our country’s Olympic and Paralympic athletes. Spencer Penrose envisioned Colorado Springs as a thriving hub of tourism and commerce, and the U.S. Olympic Museum will be a destination tourist attraction, and a powerful economic driver for the region. It will honor the Olympic movement and the athletes who have achieved and endured. Additionally, the Museum’s leadership team, headed by Ambassador Richard Celeste, has demonstrated certainty of vision and commitment to achieve the museums goals.” –El Pomar Foundation Chairman and CEO, William J. Hybl.

With over 219 million U.S. viewers during the 2012 London Olympic Games, yet with all this attention, there is no comprehensive Olympic Museum in the United States for avid followers.

“The Olympic Museum will be a place not only to showcase the struggle and success of our nation’s athletes but to also express the universal values of excellence, friendship and respect through the philosophy of the Olympic Games. The Colorado Springs community has a passion for sport and a longstanding connection to the Olympic movement. Providing a national home for the U.S. Olympic Museum will allow us to share our passion with parents and children from around the nation and world as they visit the Museum.” Ambassador Dick Celeste, President U.S. Olympic Museum

The U.S. Olympic Museum and Hall of Fame in Colorado Springs will be the only comprehensive Olympic and Paralympic Museum in the United States. An iconic complex to be built in downtown Colorado Springs, the museum will be a pilgrimage site containing the artifacts, media, technology, and the myriad stories behind the dedicated American athletes who follow their dreams, while showcasing the historical power and national pride surrounding the Olympic Games. 
The other three projects included in City for Champions are a sports medicine center at the University of Colorado at Colorado Springs, Air Force Academy visitors center and downtown sports stadium.

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