Colorado

Colorado Department of Transportation executive Michael Cheroutes moves to the private sector Oct. 1 as founder of the Colorado Center for Infrastructure Investment, a nonprofit that will consult on public-private partnerships.

With its largest U.S. project recently completed in Dallas, the nation’s top builder of private toll roads is preparing to pitch Colorado on a major redevelopment of Interstate 70 in metro Denver.

Colorado may have to cut highway funding so it can issue tax refunds triggered by the state's TABOR law.

In its only deal of the year, Colorado's Regional Transportation District will issue $200 million of certificates of participation to purchase buses, rail cars and other elements of its growing mass transit system.

Plans to reduce U.S. Army ranks by 40,000 soldiers add pressure to military communities and raise risk for bonds used to privatize base housing, experts said.

For the first time in eight months, Denver International Airport has a chief financial officer with the promotion of Gisela Shanahan from her previous post as senior manager of capital planning and budget.

Colorado’s E-470 Public Highway Authority earns an upgrade to BBB-Plus from Standard & Poor’s as it prepares to refund $40 million of toll revenue bonds. The higher rating follows a similar boost from Moody’s Investors Service Feb. 20.

A year after fire closed the Martin Drake Power Plant in the heart of Colorado Springs, the coal-powered plant is back in operation and producing a third of the city’s power, officials said.

A push for $10 billion of pension bonds in the last days of the Colorado General Assembly died as the state Senate Finance Committee voted to postpone the bill indefinitely.

After winning final passage in the Colorado House, a bill providing nearly $10 billion of pension bonds for the state retirement system must clear the Senate in two days.

Denver International Airport chief Kim Day rebuffs accusations of faulty accounting on the $544 million South Terminal Project that includes a hotel and commuter rail station.

Colorado's $25 billion state budget is already signed, but lawmakers still have other bills to resolve before the imminent end of their session including a proposal to authorize $3.5 billion of tax revenue anticipation notes for highway projects.

A bill by Colorado Sen. Randy Baumgardner would authorize $3.5 billion of tax revenue anticipation notes to capture low interest rates and accelerate highway construction in the state.

David D. Hart, former Denver Public Schools chief financial officer and senior vice president of D.A. Davidson, has joined Public Financial Management as an advisor, the company said.

Issuers in Colorado and Nevada separately disclosed this week that the Internal Revenue Service is conducting routine audits of bonds they issued in 2006.

Colorado State University will raise $252 million to build a football stadium on its Fort Collins campus through a series of taxable and tax-exempt bonds.

Despite court-sanctioned reforms, Colorado's future pension costs and unfunded liabilities continue to grow, according to a commentary from Moody's Investors Service.

The Denver suburb of Littleton can no longer use tax-increment financing or eminent domain without voter approval after passage of a ballot initiative March 3.

A Colorado district court struck down the city of Aurora's plan to provide $300 million of subsidies for a Gaylord resort hotel, saying it violated the Taxpayer Bill of Rights amendment to the state constitution.

The Colorado Department of Transportation is moving ahead with plans to seek private investment in the redevelopment of a 12-mile stretch of Interstate 70 that would be the largest project in CDOT's history.