Contact Us

  • Phone: 970-328-2680
    Fax: 970-328-2687

    Eagle County Regional Airport
    P.O. Box 850
    Eagle, Colorado 81631

    Physical Address:
    219 Eldon Wilson Road
    Gypsum, Colorado 81637  

Eagle County Airport saves over $3 million in bond refinancing

Contact: John Lewis, Finance Director, 328-3511 or  

The Eagle County Airport Terminal Corporation, a corporation formed by the Eagle County Board of Commissioners, entered the bond market on June 21, 2011 to refinance their outstanding Series 2001 bonds that were originally issued to build the existing airport terminal in Eagle County.

Eagle County took advantage of low interest rates and a significant rating upgrade from Moody’s rating service in order to save more than 3.1 million dollars and shorten the life of the original borrowing by three years. The new tax-exempt bonds’ interest rate went from 7.10 percent to 5.70 percent, and the new taxable bonds’ rate was cut by more than half, going from 9.50 percent to 4.32 percent.

Moody’s rating service noted the strong financial stability of the airport and the sound management and connection with Eagle County (rated Aa2 by Moody’s) as one of many reasons for their rating upgrade. Please contact Finance Director John Lewis at 970-328-3511 for more information.