Billion Dollars of Debt Authorization

What can a district buy for a BILLION dollars?


One of the many signs that metropolitan districts are open to abuse and not designed to serve public interests is that the "voters" during the early years of metropolitan districts are approving ballot measures (with almost always 100% approval rates) that rarely (if ever) would be approved by the voters living within the boundaries of any other governmental entity. Specifically, newly created metro districts typically are submitting ballot measures to "voters" requesting voter authorization to borrow hundreds of millions (and in some cases billions) to fund the construction of public infrastructure in subdivisions designed for less than 1,000 homes targeting middle-class homeowners and such ballot measures are passing with 100% voter approval rates. In addition, the amount of debt requested on these ballot measures typically far exceed the amount required to install public infrastructure within these metro districts. Only North Korea reports similar approval rates as Colorado metro districts when it comes to "voters" authorizing their governments to exercise extreme governmental powers.

Colorado International Center Metro District No 3 (CICMD3) is one example of a metro district that possesses extreme taxation and borrowing authority despite none of the homeowners living in the 658-single family home neighborhood in Aurora ever participating in the election that occurred prior to the construction of any homes authorizing CICMD3's taxing and borrowing authority. In 2004, the "voters" of CICMD3 approved ballot measures authorizing CICMD3 to borrow up to $4.8 billion to fund public infrastructure projects and to levy up to $20 million in property taxes per year to fund CICMD3's operations and public services. (With homeowners now in control of CICMD3's board, CICMD3's annual budget to fund operations and services is about $500,000 - far less than the $20 million annual tax authority granted by past "voters".)

The construction of streets, parks, water lines, sewer lines, perimeter fencing and walls, etc for residential neighborhoods (whether 200 homes or 1,000 homes) does not cost anywhere close to $1 billion. Legitimate taxpayers and voters would not (and never have) authorized such excessive spending by their local and state governments.

For perspective, below is a list of construction projects far more costly and complex than metro district-funded streets, water lines, sewer lines and parks in Colorado residential neighborhoods.




E-470 (Colorado / Denver Metro Area)

Constructed between 1991 and 2003, the E-470 project cost $1.2 billion.

TREX Project (Denver)

T-REX Project primarily involved the widening of the I-25 Freeway through the metro Denver area. The construction project started in 2001 and ended in 2006 and cost approximately $2.98 billion.

Denver International Airport (Denver)

The Denver International Airport is the largest airport in North America by land area (33,531 acres) and the second largest in the world. It replaced the Stapleton airport in 1995 and was constructed at a cost of $4.8 billion ($8.2 billion today).

Broncos Stadium (Denver)

Constructed between 1999 and 2001 at a total approximate cost of $401 million

Burj Khalifa (Dubai, UAE)

The world's tallest building at 2,717 feet and 163 stories tall. Construction of the Burj Khalifa occurred between 2004 and 2009 at a total approximate cost of $1.5 billion.

The Big Dig (Boston)

The Central Artery/Tunnel Project, most commonly known as the “Big Dig” was the most expensive highway project in the United States. The project buried a portion of Interstate 93 as it passed through Boston and the project was completed in 2007 at a total cost of $22 billion.

Evergreen Point Floating Bridge (Seattle)

The Evergreen Point Floating Bridge (officially named the Gov. Albert D. Rosellini Bridge) carries Washington State Route 520 across Lake Washington from Seattle to its eastern suburbs. The 7,710-foot-long floating span was completed in 2016 and is the longest floating bridge in the world. The bridge was constructed as a cost of approximately $4.5 billion

Channel Tunnel (England/France)

Between 1998 and 1994, France and England partnered to construct a 31-mile railway under the English Channel. It is the longest underwater tunnel in the world and was constructed at a total cost of $6.2 billion (or $11.7 billion adjusted for inflation in today's dollars).

International Space Station

As of 2010, the estimated cost of constructing the international space station was $150 billion