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Feb 03, 2017

Denver Union Station revenues exceeding projections, positioning City and RTD to save money with new refinancing agreement

Revenues from Denver Union Station, the city’s multi-modal transit hub which reopened in 2014, have exceeded projections, allowing the City and County of Denver and RTD to refinance existing federal loans worth $300 million. The city’s loan structure will allow payoff several years ahead of schedule and save $10 million over the life of the loan. RTD’s new bonds will save them $6 million per year.

 
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