City appears to be in no rush to issue COPs to pay for USOC headquarters project 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… Continue Reading Deal or no deal?Continue reading …
Certificates of participation (COPs) are a kind of municipal debt which can be contracted by cities without voter approval. Courts have ruled that, because of their structure, COPs do not constitute long-term obligations of the issuing authority, and are therefore exempt from state and local laws that require voter approval of long-term debt. COPs were… Continue Reading Certificates of participation (COPs)Continue reading …
The U.S. Olympic Committee/Olympic Training Center project cost was originally estimated at $53.5 million. The city’s share is about $27 million, to be financed by certificates of participation. The El Pomar Foundation will kick in $2 million, and the state economic development office has agreed to provide $500,000. LandCo Equity Partners LLC had reportedly secured… Continue Reading The dealContinue reading …
He that troubleth his own house shall inherit the wind — Proverbs 11:29 Are you a Christian? Or do you subscribe to Islam, or Judaism, or Ba’Hai, or Buddhism, or Shinto, or Zoroastrianism, or Jainism, or Taoism or Hinduism? Maybe you’re a Wiccan, or an Animist, or an Agnostic or an Atheist. Welcome one and… Continue Reading Perhaps The Shepherd somehow missed the memo about the ClovisContinue reading …
In a mostly sensible column in the New York Times a few days ago, David Brooks talked about education:
“If there is one thing we have learned over the bitter experience of the past 30 years, it is that per-pupil expenditures and days in the classroom are not sufficient to produce superb information-economy workers. They emerge from intact families, quality neighborhoods and healthy moral cultures.” Continue Reading It’s about time we actually started teaching the children well
This year’s snowfall has benefited every ski area in Colorado.
Kelly Ladyga, a spokeswoman for Vail Resorts, which owns the Vail, Beaver Creek, Breckinridge and Keystone ski areas, declined to discuss skier visits or other sales data, citing Vail’s status as a public company, but confirmed that a big snow year has a positive effect on future business because Colorado’s image in the ski community improves dramatically. Continue Reading Record snow should benefit resorts both this year and next
The news is the news, right? Something as significant as, say, the earnings of one of the world’s largest industrial corporations, should be fairly uniformly reported in every credible news source, shouldn’t it?
Maybe so, but that wasn’t the case on Tuesday, as news organizations throughout the world sought to interpret General Motors Corp.’s quarterly and yearly results. Continue Reading GM’s outlook depends on the source of your information
Within the next two weeks, the Bureau of Reclamation will release the draft environmental impact study for the Southern Delivery System.
The bureau has released most of the technical documents that the EIS will be based on. One of them, the “Water Resources Technical Report,” weighs in at 649 pages, takes 30.5 MB of memory and includes 75 tables, 95 maps, graphs and illustrations, and a two-page “List of Abbreviations.” Continue Reading EIS likely to remove some, but not all, SDS obstacles
Tomorrow, Feb. 9, is the 152nd anniversary of the birth of George Ade, an American author, humorist and newspaperman. Journalists — and newspaper readers — everywhere ought to remember and honor him.
During 1890, Ade joined the staff of the Chicago Morning News. After a few years as a reporter, Ade began a column, “Stories of the Streets and of the Town.” Continue Reading Hope George won’t mind me taking page from his book
The City of Colorado Springs is considering changes to Memorial Health System’s ownership structure, including turning the hospital over to a non-municipal nonprofit corporation.
Memorial’s governance, financial structure and policies would continue in their present form, but the city would no longer oversee the hospital system — and, perhaps more importantly, would no longer be liable for revenue shortfalls. Continue Reading City mulls washing hands of Memorial