New Salt Lake City International Airport
Construction of the new airport, financed in part by revenue bonds of up to $1 billion repaid from airport revenue, scheduled for completion in 2024. A bond hearing was held July 13, 2021.
- Where it stands
- Under construction
- Type
- Public project
- Location
- Salt Lake City International Airport
- Applicant
- Salt Lake City Department of Airports
Every hearing and vote
April 20, 2021 · City Council work session
Fiscal year 2021-22 proposed budget: Department of Airports
Discussed
Airport staff said the airport is funded by use fees and that pandemic relief let it avoid layoffs. They proposed demolishing the existing terminal at once, advancing the schedule by two years, with construction phased from January 2021 to October 2025 and gates growing from 66 to 78. The FY 2022 operating revenue budget is $252,039,100, with enplanements projected at 11.5 million (13.1 million in 2019). Council staff noted $351,463,000 in airport revenue bonds for the redevelopment would return as a separate resolution. Discussion covered park-and-wait areas, signage and passenger walking distances.
May 18, 2021 · City Council work session
Series 2021 airport revenue bonds
Pending
Briefing on a resolution authorizing up to $1 billion in airport revenue bonds, repaid solely from airport revenue, for the new airport, scheduled for completion in 2024.
June 1, 2021 · City Council
Resolution 21 of 2021: up to $1 billion in airport revenue bonds
Approved · 7-0
The council authorized up to $1 billion in airport revenue bonds to continue financing construction of the new Salt Lake City International Airport, repaid solely from airport revenue. The resolution authorizes officials to approve final terms, a third supplemental trust indenture, a bond purchase agreement and a continuing disclosure agreement, and sets a July 13 public hearing. The project is scheduled for completion in 2024.
July 13, 2021 · City Council
Airport Series 2021 revenue bonds public hearing
No action · 6-0
The Council took comment on a resolution authorizing the sale of up to $1 billion in limited-obligation airport revenue bonds to continue financing the new Salt Lake City International Airport, repaid solely from airport revenue, with completion scheduled for 2024. One speaker asked the Council to emphasize central tunnel transportation options. The Council closed the hearing only; the Executive Director clarified action was not taken at that point.