Mayor Tishaura Jones | City of St. Louis
Mayor Tishaura Jones | City of St. Louis
St. Louis Lambert International Airport has completed the sale of $287,360,000 in Series 2024 A and B Airport Revenue Bonds to support its capital improvement program. The funds will be allocated towards several key infrastructure projects.
"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," said 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 noted, "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.
For more information about the Office of the Comptroller, visit www.stlouis-mo.gov/comptroller.
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