Denver Public Finance Attorney Instrumental in Massive Denver Development ProjectNews | May 1, 2014
In late 2013, Denver partner Kristine Lay served as underwriter’s and disclosure counsel in connection with two series of General Obligation Refunding Bonds issued by the Central Platte Valley Metropolitan District, a Colorado special district. The bonds refinanced public infrastructure supporting a large development area known as the “Central Platte Valley.”
The refinancing transaction recently was highlighted as a “Key 2013 Transaction” by D.A. Davidson & Co., the leading special district investment banking firm in Colorado. Because of the complexities of the district’s tax base, land use and ownership concentration, Kutak Rock’s role was critical in assisting the underwriter to successfully market the bonds. This $43 million bond deal was cited by D.A. Davidson & Co. as one of the most significant financial transactions in its “2013 Year in Review: Market Monitor.”
The development project is part of a major renovation of the South Platte riverfront area adjacent to downtown Denver. Central Platte Valley is immediately west of the Denver Union Station project, another massive renovation underway in downtown Denver.
The Central Platte Valley is one of downtown’s most vibrant mixed-use communities and includes everything from upscale residential buildings, such as the Glass House, to the Denver Skate Park and the new Museum of Contemporary Art. Confluence Park, Commons Park, trendy restaurants and coffee houses are also located in the Central Platte Valley, and office buildings in the district house the Gates Headquarters and the DaVita World Headquarters. Landmarks such as the Millennium Bridge, the Union Gateway Bridge and the 16th Street Mall plaza and fountain area are just part of the public improvements maintained by the Central Platte Valley Metropolitan District.