Charlotte Taps Munis for $307 Million to Revamp Booming Airport
Charlotte, North Carolina, is booming with new residents, rising air traffic and a swelling economy. Now, the city is turning to the municipal bond market to make sure its airport can keep up.
On Wednesday, the city plans to issue $307 million of airport revenue bonds to support a major expansion at the Charlotte Douglas International Airport, the only large hub facility in the Carolinas. The funds will help finance construction of the airport's Fourth Parallel Runway and a renovation of Concourse D.
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