The Denver Downtown Development Authority finalized $210M in financing for its revitalization efforts after the city council approved a loan and credit agreement.
The agreement, first reported by the Denver Business Journal, provides the development authority with a $160M fixed-rate loan and a $50M revolving line of credit, both from PNC Bank. The financing will fund payments on a 2017 loan and finance downtown development projects. 
City council members unanimously approved the agreement on Monday. 
Last year, voters supported a ballot measure to allow the development authority to increase debt by up to $570M to be used on revitalization efforts, including new development,…