Boulder, CO. (June 30, 2020) — Public Media Company is pleased to announce the Public Media Bond Program for public media organizations to leverage their assets for capital projects.
The new national bond program provides public broadcasting entities access to taxable and tax-exempt bonds to finance their capital improvement projects through the Colorado Educational and Cultural Facilities Authority (CECFA). Public Media Company pioneered the use of tax-exempt bond financings for public media organizations in 2001 through CECFA when the first investment grade bonds were issued for Colorado Public Radio and Nashville Public Radio. CECFA has issued nearly $8 billion in tax-exempt bonds for charities across the country, including public broadcasting television and radio stations.
“Over the years, tax-exempt bonds have been an integral tool that hasenabled Colorado Public Radio’s state-wide expansion,” said Jenny Gentry, Chief Operating Officer. “Taking on debt can seem like an onerous obligation, but we have found tax-exempt bonds are afantastic way to leverage our ability to make strategic opportunities become a reality.”
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