DENVER - A municipal authority in suburban Denver that issued $54.4 million in revenue debt will try to sell land in an effort to stave off default on the bonds.

A $2 million interest payment is due in September and the authority has enough money to cover the payment. Future payments are in jeopardy, however, even though the authority collects $4 million a year in tax increment revenue taxes.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.