A deal for the state of Colorado to purchase the famous Stanley Hotel in Estes Park that inspired Stephen King’s “The Shining” is officially on the table. The Colorado Educational and Cultural Facilities Authority stepped up with a plan to buy the haunted hotel after a deal to sell the Stanley to an Arizona nonprofit fell through, said CECFA Executive Director Mark Heller. Heller said the authority hopes to wrap up the sale in the coming months, securing the government agency as the owner of the hotel and borrower of the bonds that will help finance 60 new rooms, a fresh restaurant and the construction of the Stanley Film Center. Instead of selling the hotel to Arizona’s Community Finance Corporation and taking ownership after the nonprofit paid back the bonds, CECFA will create a subsidiary and become the borrower of the bonds directly instead.
Colorado Agency Steps Up To Buy Stanley Hotel After Arizona Nonprofit Sale Falls Through
Lauren Penington, Denver Post: Movies
Sat, 04/06/2024 - 5:00am
Topics: stephen king s the shining the colorado educational cultural facilities authority executive director mark arizona s community finance corporation cefca the colorado economic development commission regional tourism act in january colorado gov jared polis colorado office television media jason blum get out the purge halloween five nights freddy s paranormal activity the colorado related articles police nuggets swat rockies that s cecfa s representatives your morning dozen colorado stanley stanley hotel estes park the the the colorado arizona heller stanley film center community finance corporation cecfa film blumhouse get colorado news denver steps buy sale state bonds property fire legislature plan role borrower officially deal potential million proposed team entity support legislation project statute
BING NEWS:
- No, the “State of Colorado” Isn’t Buying the Stanley Hotel—Well, Not Really
The potential sale of the historic Estes Park lodge is complicated and somewhat mysterious. Here’s what we know so far.
04/26/2024 - 11:14 am | View Link - The Stanley Hotel could be sold to a Colorado financing authority this summer
A Colorado organization expects to close on the Stanley Hotel this summer, mere months after prospects to sell to an Arizona nonprofit faded.
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04/18/2024 - 9:38 am | View Link - Eco-devo board OKs CECFA scheme to facilitate Stanley Hotel sale
Courtesy Stanley Hotel. By Lucas High Editor’s note: This story has been updated to clarify the Colorado Educational and Cultural Facilities Authority’s role in the potential sale ... history. Arizona ...
04/18/2024 - 3:42 am | View Link - Opposition from Colorado fire chiefs sinks bid to allow taller single-stair apartment buildings
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04/11/2024 - 1:24 am | View Link - More
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