The Denver City Council on Monday signed off on the sale of up to $425 million in voter-approved bonds that will cover initial costs for two big projects.
Funding for and an expansion and upgrade of the Colorado Convention Center was the focus of Measure 2C, . Its passage permanently extends portions of the city’s car rental and lodging taxes to repay an eventual $476 million in borrowing for the National Western project and $105 million for the convention center project.
The new bond issue, approved 13-0 in a block vote, includes the first $200 million for National Western and $6 million for prep work on the convention center. Another $200 million would go to refinance old bonds, and the rest would cover issuance costs, a debt service reserve fund and potential market fluctuations.
The National Western project is expected to last a decade, into a year-round tourism, event, education and agricultural innovation center.
Jon Murray: 303-954-1405, jmurray@denverpost.com or @JonMurray
