A Stunning Amount of Debt
| David Migoya who wrote all the amazing stories for The Denver Post 2 years ago about metro districts is now writing for the Gazette in Denver and CO Springs. His latest story is about Aurora Highlands. The Metro District Board is voting soon to strap future homeowners with $515 million in new debt to begin construction in earnest, which is the largest bond issue statewide since Denver voters approved a $937 million package in 2017. Someone told me they will be building 12k homes and apartments over many years here and thus the per unit cost is just $43k which is right in line. But… I did some research and the Board has authorized a STUNNING $54 BILLION in future debt against the future homeowners!!! Thus, I bet there will be much more debt issued. Whereas, Denver City and County voters got to vote on their $937 million debt package; not 1 homeowner got to vote to approve the issuance of $515 million in debt. |