6) Colorado: The $ 1.8 billion renovation of Denver International Airport's main terminal will be costing less because «a rush
by investors in December to buy tax - exempt
private - activity bonds for the project shaved about $ 65 million off the anticipated cost of the 34 - year project, DIA CFO Gisela Shanahan
told city council members Wednesday.
Though the $ 58 million loan made on the property, which is owned
by private equity firm KKR & Co., hasn't gone into default, the cash reserve isn't expected to last through the end of 2016, Stuart Rothstein, CEO of Apollo Commercial Real Estate,
told investors during a conference call in July.