DALLAS — Dallas-Fort Worth International Airport will launch a seven-year project to remodel its four original terminals next month. But despite the $2.3 billion cost, officials do not expect 2011 to be a year of heavy bond issuance for new money.
“It is unclear if we will need any new-money bonds, but if we do, it will not be until the fourth quarter,” said Chris Poinsatte, chief financial officer for DFW. “A likely amount is $300 to $500 million. The exact timing of these issuances depends on construction schedules and the crazy world of [alternative minimum tax] and municipal rates.”