The RTD payment is funded from the 0.4 percent FasTracks sales and use tax approved by voters in 2004. The TIFIA and RRIF loans are secured by liens on pledged revenues, which consist of an annual payment of $12 million from RTD to DUSPA and real estate development-related income generated by the DUSPA project area, including tax increment revenues, a levy on property tax revenues, and lodger's tax revenue. Substantial completion achieved on February 24, 2014. TIFIA Financial Advisor - Scully Capital.TIFIA Legal Advisor - Nixon Peabody LLP.Public Resources Advisory Group - Financial Advisor Other state and local funds - $19.9 millionĬontinuum and East-West Development Corporation (a joint venture called Union Station Neighborhood Corporation) is the master developer for the transit-oriented development.Īlex Brown Consulting - Financial Advisor RRIF (Railroad Rehabilitation and Improvement Financing) loan - $155.0 million $487.7 million (TIFIA eligible project costs - $454.3 million) Project elements have been transferred to the Regional Transportation District (RTD), which operates and maintains them as a complete transportation district.
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