Jul 31, 2013 3:03 PM by Andy Koen
COLORADO SPRINGS - USA Basketball is leaving Colorado Springs for a new headquarters and training facility tied to a $350 million development deal in Tempe, Arizona. The organization's board of directors approved the relocation during a meeting last Thursday.
The new facility, named USA Place, LLC, will be located on a 10.5 acre property owned by Arizona State University's Tempe campus. The site will feature a 4,500-seat event center, a 330-room hotel, 30,000-square-foot conference center as well as a luxury hotel, retail and office space.
"This is an exciting and an incredible opportunity that offers nothing but positives for USA Basketball," said USA Basketball chairman Jerry Colangelo in a news release. "
"USA Place will offer USA Basketball an excellent site for the development of its office headquarters, a training center and event center that will provide the organization with a first-class site for hosting junior level events and will allow USA Basketball to continue to evolve."
Construction is scheduled to begin by the end of 2013 and is expected to wrap up late in 2015.