DENVER (CBS4)– Business is booming at Union Station and it’s happened much faster than the City of Denver anticipated.
That means that RTD and the city will refinance federal loans at lower interest rates which will save millions. For RTD that will save $134 million.
The property and sales tax proceeds in the neighborhood are already more than the city expected to reach in 2022.
RTD may use the money for underfunded rail lines in the FasTracks program.