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CDOT refinances bonds, refunds $106M

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The state Department of Transportation refunded nearly $106 million of the transportation revenue bonds it issued in 2004 to accelerate projects across the state. The money was available when CDOT refinanced the bonds, which have an average interest rate of 1.42 percent. The interest on the original bonds ranged from 3.6 percent to 3.7 percent… Continue Reading CDOT refinances bonds, refunds $106M

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Springs airport receives $400,000 state grant

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The Colorado Springs Municipal Airport has received a grant from the Colorado Department of Aviation’s Division of Aeronautics for snow removal. The $400,000 grant will be used to partially fund the purchase of three pieces of equipment the airport needs to replace this year, said Gisela Shanahan, the airport’s assistant director of aviation for finance and… Continue Reading Springs airport receives $400,000 state grant

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Solar-powered road signs saving Springs money

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Solar powered speed zone signs in school zones have saved Colorado Springs $1 million, city traffic engineers say. The signs require less maintenance and are cheaper and quicker to install than traditional systems. The Colorado Department of Transportation also uses the solar powered signs in construction zones on major roadways. Read more here.

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Open house tonight to discuss bridge work

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The Colorado Department of Transportation is holding an open house tonight to talk about construction that will affect traffic on U.S. Highway 24 in the Ute Pass area. Contractors will be replacing a 79-year-old concrete bridge on eastbound U.S. 24, on the east side of Cascade. Construction will start in mid-September and traffic will be… Continue Reading Open house tonight to discuss bridge work

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Gordon named to CDOT aeronautics division

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David Gordon has been named director of the aeronautics division of the Colorado Department of Transportation. He will manage seven people who work directly with Colorado public-use airports as well as Colorado and national aviation associations to help improve aviation safety and operations. The division also oversees an annual discretionary grants program that awards revenues… Continue Reading Gordon named to CDOT aeronautics division

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The Colorado Transportation Commission has approved nine more construction projects to receive stimulus money. The money is leftover as a result of lower-than-expected bids on earlier projects. The Colorado Department of Transportation has received $400 million from the American Recovery and Reinvestment Act (ARRA) for projects, about 75 percent of which has been “obligated,” or… Continue Reading Stimulus money goes to 9 more state projects, none in Springs

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County is tops in state for motorcycle deaths

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More motorcyclists died in El Paso County than anywhere else in the state. Fifteen people died in motorcycle crashes in the county last year, while overall the state’s fatalities reached a record high of 98 during 2008, up from 90 during 2007. Statewide, motorcycle deaths represented 18 percent of the 548 traffic deaths in 2008,… Continue Reading County is tops in state for motorcycle deaths

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