Airport Revenue Bonds, Series 2025
Parameters resolution authorizing up to $700 million in Airport Revenue Bonds to finance and refinance capital improvements at Salt Lake City International Airport, including the new concourse. Briefed May 13, 2025; hearing set for July 1 with action tentatively June 3.
- Where it stands
- In review
- Type
- Public project
- Location
- Salt Lake City International Airport
Every hearing and vote
May 13, 2025 · City Council work session
Airport Revenue Bonds, Series 2025
Discussed
The Council was briefed on a parameters resolution authorizing not more than $700 million in Airport Revenue Bonds to finance and refinance capital improvements at the airport, with a supplemental indenture and bond purchase agreement. Discussion covered air traffic control staffing shortages, rising interest rates, bond purchase strategy, refinancing timeline and new concourse bond requests. A public hearing is set for July 1, with action tentatively June 3. The Council also reconvened briefly as the CRA board to approve the CRA consent agenda omitted earlier (7-0, moved by Council Member Mano, seconded by Council Member Dugan).