Jul 31, 2013 11:36 PM by Andy Koen
COLORADO SPRINGS - The national governing body of Olympic basketball in the US is moving out of town. USA Basketball announced Wednesday that they will be moving their headquarters to Tempe, Arizona in a new facility being built as part of a $350 million dollar development on the Arizona State University Campus.
The project will also include a 4500 seat arena, a hotel and convention center as well as apartments, offices and other retail space.
Spokesperson Craig Miller said the deal was just too good to pass up.
"It's a little bittersweet. It's great for USA Basketball, though," Miller said. "The facilities and the office that we'll have is going to be first class and state-of-the-art and just keep us at the top of federations in terms of what we have, the success that we're having."
USA Basketball has called Colorado Springs home since 1979. Arizona tried to lure away the organization once before. A 2008 development deal in Glendale fell apart when economy tanked.
Construction on the new project is expected to begin by the end of the year and should wrap up by late 2015.