The Golden Transcript
August 30, 2007
Northwest Parkway leased to Portuguese firm
The Northwest Parkway Highway Authority announced Aug. 29 its intent to lease the Northwest Parkway toll road to Brisa, a Portuguese firm.
The purpose of the $603 million, 99-year leasing agreement is to relieve debt issued to build the highway. All outstanding bonds will be retired, and Brisa will be responsible for the toll road.
Brisa will finance and operate the road and could extend it through Broomfield to state Highway 128 near Rocky Mountain Metropolitan Airport. The agreement states $40 million will go into escrow for the possible extension of the toll road past Highway 128 to Highway 93 and West 64th Avenue.
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