Airport revenue bonds

The $650 million Denver International Airport terminal remodeling project has run up against concrete deficiencies in the original structure.

Dallas-Fort Worth International Airport expects to save money with the refunding deal as it advances plans for a new terminal and refurbished runways.

Airports have been clamoring for an increase in the PFC limit for years, arguing that they need it to help finance capital improvements that would be paid for with new bond issues.

The Orlando Sanford International Airport has launched a search for a new president and chief executive officer after Diane Crews recently announced that she plans to retire in September 2020.

The airport authority in Ohio is using capital facility charges to back bonds for the facility.

The bid to have the state government edge out Atlanta for control of the busy airport remains active for next year's legislative session.

Airport officials want an increased Passenger Facility Charge to pay back bonds, and say federal funding isn’t enough to pay for upgrades.

A bill moving through the state legislature would wrest the airport from the city's control and place it under a state authority.

The city will use about $1.8 billion of bonds to fund a new airport terminal in a project led by private partner Edgemoor Infrastructure & Real Estate.

Many airports are at their maximum bonding ability using the revenue stream from the current PFC levy, according to the Airports Council International-North America.

The new money segment of the $438 million deal will help fund a midfield concourse at LAX.

San Francisco International Airport's bond sale helps fund $7.4 billion capital program.

Chicago boosted to the size of its first sale to finance the O'Hare terminal makeover to $2 billion.

As U.S. airports crowd into the debt market to fund capital projects, Dallas-Fort Worth International Airport will increasingly turn to taxable bonds.

The $1.8 billion Chicago O’Hare Airport deal tops a $9 billion new issue calendar that will slake the thirst of a supply deprived municipal bond market this week.

The IRS letter ruling publicly released Friday allows floating private equity to be used for a prohibited use for a tax-exempt bond-financed airport terminal renovation.

Chicago expects to add more than $9 billion in O'Hare debt in the coming years to upgrade the airport's terminals.

The incoming chairman of the House Transportation and Infrastructure Committee is optimistic of striking a deal with President Trump on major infrastructure legislation, noting that House Democrats will need White House support to get the Republican-controlled Senate on board.

Moody's Investors Service upgraded LAX ahead of the deal, bringing the subordinate bonds to the AA-minus level across the board.

The $240 million deal will also contain a mix of bonds subject to the alternative minimum tax with non-AMT bonds.