City of Colorado Springs in No Rush to Issue Cops to Pay for Usoc Headquarters Project
Colorado Springs Business Journal › March 07, 2009
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Summary
The City of Colorado Springs has yet to market the debt instruments that will pay for its share of the cost of building new facilities for the U.S. Olympic Committee and the Olympic Training Center.
The city's commitment, estimated to be $27.2 million, is to be paid for by issuing certificates of participation (COPs).See the full content of this document
Extract
City of Colorado Springs in No Rush to Issue Cops to Pay for Usoc Headquarters Project
The city has delayed issuing the securities because of market conditions, according to Terri Velasquez, the budget and finance director.
"The market has had difficulties, although it's a little closer (to normal conditions) than it has been," she said. "But right now, investors are concentrating on Treasuries, and si...See the full content of this document
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