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Pitkin County Board authorizes asking voters to approve up to $340 million in airport revenue bonds
Summary
Pitkin County commissioners voted to place a ballot measure before voters authorizing up to $340 million of airport revenue bonds to fund Aspen–Pitkin County Airport redevelopment. County staff emphasized the bonds would be repaid from airport revenues and not property taxes.
Pitkin County commissioners voted Aug. 13 to refer a ballot question to the Nov. 4, 2025, election asking voters to authorize the county to issue airport revenue bonds to finance a multi‑phase redevelopment of the Aspen–Pitkin County Airport. The authorization request sets a ceiling of $340 million in bond principal for a 30‑year term using conservative assumptions about interest rates and debt coverage.
The ballot language asks for permission to pledge airport revenue — not property tax revenue — to pay bond debt service. County staff and consultants told the board they modeled a “worst‑case” financing scenario…
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