DALLAS — An impending refunding of parking garage debt is a sign that revitalization is a reality at Louis Armstrong New Orleans International Airport, as passenger levels increase to near pre-hurricane days at the New Orleans-owned airport, its officials said.

The $40 million of tax-exempt revenue bonds to be issued by the Louisiana Local Government Environmental Facilities and Community Development Authority will refund the outstanding debt from an unrated $49.5 million issue from 2001. The new deal will be rated and insured.

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