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Article: Deal in Focus: Colorado Toll Road Agency Aims to Overcome Doubts.
- Article from:
- The Bond Buyer
- Article date:
- April 25, 2000
- Author:
CopyrightCOPYRIGHT 2000 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 -
Officials with Colorado's E-470 Public Highway Authority knew they would face some obstacles in lining up investor support for the $321 million of senior revenue bonds they will sell tomorrow, but they didn't expect Mother Nature to throw them a curve.
While the toll road has yielded weaker-than-expected results since its first stretch opened last year, the officials were convinced they could answer concerns about the project's performance. However, when a spring snowstorm blanketed the project during a bus tour for potential investors earlier this month, there was little they could do but press forward.
"Investors had to look pretty ...