St. Louis Lambert International Airport announced the closure of its sale of $287,360,000 Series 2024 A and B Airport Revenue Bonds today. The proceeds from these bonds will finance several capital improvements at the airport.
“Today is a critical step as we look to the future of St. Louis Lambert International Airport. These funds are a key piece of ensuring that we have infrastructure and facilities that serve STL for years to come,” stated Airport Director Rhonda Hamm-Niebruegge.
The planned capital improvements include the design and construction of a new central utility plant, a new de-icing pad, and an airfield maintenance facility.
Comptroller Darlene Green remarked, “Investors continue to show strong interest in St. Louis Airport Revenue Bonds even in a very challenging municipal bond market.”
Funding sources for these projects are expected to include general Airport Revenue Bonds, FAA Airport Improvement Program grants, passenger facility charges, and Airport Development Fund dollars.
Comptroller Darlene Green serves as the chief fiscal officer of the City of St. Louis, responsible for safeguarding the city’s credit rating and protecting taxpayer dollars. More information about the Office of the Comptroller can be found at www.stlouis-mo.gov/comptroller.
