While a default on $55 million in revenue bonds to pay for infrastructure at University Village Colorado doesn’t seem to come with many consequences, there likely will be some cleanup required. When the Colorado Springs Urban Renewal Authority announced last December that it wouldn’t be able to make the minimum payment on one of two [...]
November 9, 20121 Comment
An independent audit of the city’s Urban Renewal Authority requested by Mayor Steve Bach recommends the authority and city partner more closely. The review, conducted by Hogan Lovells law firm, suggests the authority move into city offices and use city resources, such as planners and staff, in order to operate more efficiently. Questions about two [...]Continue reading …
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