St. Louis Lambert International Airport Closes Sale of 2024 Airport Revenue Bonds for Capital Improvement Program
(This release comes from the City of St. Louis’ Office of the Comptroller.)
ST. LOUIS, MO (June 11, 2024): Today St. Louis Lambert International Airport closed on $287,360,000 Series 2024 A and B Airport Revenue Bonds. Proceeds from the bonds will support financing capital improvements.
“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.
These capital improvements will include the design and construction of a new central utility plant; the design and construction of a new de-icing pad; and a new airfield maintenance facility.
Comptroller Darlene Green commented, “Investors continue to show strong interest in St. Louis Airport Revenue Bonds even in a very challenging municipal bond market”.
Proposed funding sources include general Airport Revenue Bonds, FAA Airport Improvement Program grants, passenger facility charges, and Airport Development Fund dollars.
About STL
St. Louis Lambert International Airport (STL) is the primary commercial airport for the St. Louis metro area and parts of eastern Missouri and southern Illinois serving 15.6 million passengers annually. STL is an Enterprise Fund Department of the City of St. Louis. It is wholly supported by airport user charges. No general fund revenues are used for the operation, administration, promotion or maintenance of airport facilities.
About City of St. Louis’ Office of the Comptroller
Comptroller Darlene Green is the chief fiscal officer of the City of St. Louis and is charged with safeguarding the city’s credit rating and with protecting taxpayer dollars. Visit www.stlouis-mo.gov/comptroller to learn more about the Office of the Comptroller.
