The Aspen/Pitkin County Airport Bond Question
Pitkin County is seeking voter permission to issue $340 million in bonds to support the Aspen/Pitkin County Airport reconstruction project, which will not affect local taxes.
The bond question, 1A, would allow the county to issue enterprise revenue bonds with a maximum interest rate of 8.5% or a maximum repayment of $940 million.
- The airport requires funding for a full runway reconstruction due to underground water damage.
- Approving the bond question would not result in new taxes, but locals may be affected in other ways.
Halle Zander: Why does the airport need this money? Josie Taris: The runway needs a full reconstruction because of underground water damage.
Author's summary: Pitkin County seeks $340 million in bonds for airport reconstruction.