Loveland, Colo., issues bonds for $122.5 million utility infrastructure overhaul
(UI) — The City of Loveland is moving forward with a $122.5 million plan to upgrade its aging water, wastewater and electric infrastructure, funded through new tax-exempt bonds approved this year.
City officials said the multi-year infrastructure improvements are designed to ensure long-term reliability and resilience for Loveland’s utilities, while distributing the cost between current and future users.
By locking in fixed-interest financing, the city expects to avoid future inflationary spikes and reduce the risk of costly emergency repairs.
Water system upgrades
Loveland will invest $45 million to replace aging underground water mains, eliminate lead service lines, and modernize water operations facilities. The city said these updates are critical to maintaining the quality and reliability of local water service while reducing the risk of leaks and corrosion.
Wastewater improvements
The city plans to invest $77.5 million over multiple bonds from 2025 through 2027 to upgrade its Water Reclamation Facility. The work includes replacing aging equipment, expanding treatment capacity to accommodate population growth, and meeting new federal and state discharge standards to protect the Big Thompson River.
Electric grid modernization
Future bond funding will support Loveland’s electric infrastructure upgrades, including a new substation, system capacity improvements with additional transformers, and the conversion of overhead power lines to underground systems. The city says these projects will help protect the grid from weather-related disruptions and improve overall service reliability.
“These investments are critical to Loveland’s long-term resilience,” the city said in a statement. “Through secure, sustainable and reliable utility systems, we’re building a foundation for future generations.”
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