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Article: Denver airport bond sale is delayed as city tries to back up bag system. (baggage system)
- Article from:
- The Bond Buyer
- Article date:
- August 17, 1994
- Author:
CopyrightCOPYRIGHT 1994 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DALLAS -- Denver has delayed by one week its $225 million bond sale to pay for an additional baggage system at the new Denver International Airport and to carry project financing for seven more months, the city's revenue manager said yesterday.
"We originally had been hoping that the preliminary official statements would be in investors' hands today," said revenue manager Patricia Schwartzberg. "But we missed our printer's deadline."
Schwartzberg said that the delay of the sale until the week of Aug. 29 stemmed from changing information on the alternative baggage system announced earlier this month by Denver Mayor Wellington Webb and the necessity of ...