Bonds for the new stadium sold in less than 90 minutes on Thursday, March 19, and certain series of bonds within the package were as much as three times oversubscribed. The total bond package delivered a true interest rate of 3.57 percent.
As the Colorado State University System prepares to issue $220 million in bonds to construct a new stadium on its Fort Collins campus, both Standard and Poor’s Rating Services and Moody’s Investors Service affirmed the financial strength of the three-campus system by maintaining the system’s underlying bond ratings.
Colorado State University will be a major partner in the changing face of North Denver, and the draft master plan released today for the reimagining of the National Western Center, a combined 270-acre site near Interstates 70 and 25, showcases the university’s unique role in this transformation.