Colorado Springs Copper Ridge: Powers Boulevard Bond Deal Hinges On Attracting the Right Retailers

Colorado Springs Business Journal › May 29, 2010

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Summary

Under the Copper Ridge retail development deal, the Colorado Springs Urban Renewal Authority would have to issue up to $105 million in "special district" revenue bonds to finance the Powers Boulevard extension.

Special district bonds became popular during the recessionary 1980s, as cities and counties were increasingly unable to fund infrastructure projects.

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Colorado Springs Copper Ridge: Powers Boulevard Bond Deal Hinges On Attracting the Right Retailers

These bonds are repaid by what's known as tax-increment financing, meaning the sales or property taxes generated by busine...

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