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CDOT names David Spector as Director of High Performance Transportation Enterprise

September 24, 2015 - Statewide Transportation Plan - DENVER -- The Colorado Department of Transportation (CDOT) today announced David Spector has been named the new Director of the High Performance Transportation Enterprise (HPTE).

Spector takes the helm from outgoing Director of HPTE, Michael Cheroutes, who served in the role as the first head of the HPTE from its inception in 2010. Spector will officially join HPTE mid-October.

Spector joins CDOT after having served in Gov. John Hickenlooper's administration for almost two years, as Senior Deputy Legal Counsel and as Interim Chief Legal Counsel. His legal work in both the public and private sectors includes a broad range of experience in transportation project development, finance and public-private partnerships, as well as land use, hospitality, governance, energy and municipal law. Spector played key roles on the teams that structured, financed and developed RTD's Eagle P3 rail project and the redevelopment of Denver Union Station.

“We are very fortunate to have someone of David’s caliber and experience to lead HPTE,” said Tim Gagen, chairman of the HPTE Board of Directors.  “He has been at the forefront of infrastructure issues in communities and settings throughout Colorado, and that gives him a unique understanding of how projects affect local communities.  We know his experience will help further HPTE's mission to develop innovative transportation financing opportunities for Colorado.”

“Colorado has developed a national reputation for innovation and creativity in financing major projects. David’s leadership background, planning acumen and consensus-building skills will ensure that HPTE and CDOT work together in shaping our statewide transportation system and supporting Colorado’s economy and quality of life,” said Shailen Bhatt, Executive Director of CDOT. “We welcome David to help CDOT as we work to become the best DOT in the nation.”

“I’m very excited to join the CDOT team and be a part of CDOT’s leadership in developing innovative alternatives for Colorado’s transportation future,” said Spector. “The HPTE is a leading-edge practitioner with a growing track record in finding solutions to Colorado’s transportation challenges. The people of HPTE and CDOT demonstrate every day that they are committed to creatively solving complex issues and I look forward to being a part of that effort.”

Under the leadership of outgoing director Mike Cheroutes, HPTE has been instrumental in developing financial strategies to address some of the Front Range's most pressing transportation challenges in key corridors such as US 36, C470, I-70 West, I-25 North and I-70 East. Cheroutes will remain at HPTE through mid-October, when he will pursue new opportunities as a public-private partnership consultant in Colorado, as well as nationally and internationally.

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Colorado’s High Performance Transportation Enterprise (HPTE) operates as a government-owned, independent business within CDOT. It searches out innovative ways to finance projects to help Colorado fulfill its commitment to increase travel choices through options that include Express Lanes, transit, biking, walking and carpooling. For more information, visit www.coloradoHPTE.com.

The Colorado Department of Transportation maintains, repairs and plows over 23,000 lane miles of highway and 3,437 bridges while keeping over 35 mountain passes open year-round.  This system handles more than 28 billion vehicle miles of travel annually. CDOT manages an annual budget of $1.2 billion and has 3,000 employees who focus on multi-modal programs including aeronautics, transit and rail, project construction, environmental, planning and safety.