Butler Snow is pleased to announce that the Colorado Regional Transportation District’s (RTD) $441 million offering of certificates of participation has been named the Southwest Finalist in Bond Buyer’s Deal of the Year. Butler Snow acted as bond counsel to RTD on this unique transaction.
“We are pleased that RTD was recognized for this transaction to fund a very important transportation project in Colorado and are happy to continue to serve as bond counsel for RTD,” said Dee P. Wisor, an attorney in Butler Snow’s Denver office. “We hope this transaction will serve as a model for others.”
RTD faced difficulty financing the ambitious FasTracks light rail project to Denver’s populace northern suburbs. RTD solicited proposals from private partners to help design, build and finance the first section of the north line. In June RTD issued 141 million certificates of participation marking the first time any issuer had used a proposed rail line as a leased property in a COP deal.