CHICAGO — Branson Airport LLC dipped into reserves to cover its July 1 debt-service payment on $113 million of unrated tax-exempt bonds as it struggles to meet traffic projections for the privately built and operated Missouri facility.

Private developers put together a public and private financing package in 2007 to pay for construction of the airport, which opened in May 2009 to serve growing tourism in Branson, the self-proclaimed live music capital of the country. The bonds were issued through the Branson Regional Airport Transportation Development District established for that purpose.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

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