DALLAS - The Dallas City Council is expected today to establish a local government corporation that would issue more than $300 million of lease revenue bonds to finance a six-year terminal modernization effort at Love Field Airport.

Daniel Weber, the city's director of aviation, said the preliminary planning budget for the terminal project is $571 million if it is built as a conventional city project but drops to $519.7 million if the project is managed by Southwest Airlines, the primary tenant at the city-owned airport.

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