Building finance up to Avon voters

By scott miller

AVON — The “Skier Building” has faced tough sledding since town officials announced in October a plan to purchase the 16,000-square-foot building and use it as new town offices. The purchase and finishing the building — which is a never-used empty shell — will cost an estimated $5.8 million. The town plans to pay for the project using “certificates of participation.” Those certificates are a commonly used method used by Colorado towns, counties and special districts. The certificates, which must be re-approved every year, use existing town revenues. The certificates are also a way local governments in Colorado get around …

Source:: Vail Daily Feed