Getting your player ready...
The Cherry Creek North Business Improvement District has sold $9.25 million in general obligation bonds at a net interest rate of 4.90 percent.
Bond proceeds will finance the Cherry Creek North BID Capital Improvements program for districtwide upgrades including signage, wayfinding, lighting and enhanced streetscape.
In late September, the district received an A+ rating by Standard & Poor’s and an A- rating by Fitch. The high marks were attributed to the district’s longtime property ownership, a new management team, tenure among businesses and strong demographics to support the retail and service levels.
