Sacto Flies To Market For Airport.

The Sacramento County, California, Airport System is planning to issue $478 million of revenue bonds to fund the expansion of Sacramento International Airport. The bonds will not be subject to the alternative minimum tax and are expected to attract high-net-worth investors seeking tax breaks. The airport's passenger traffic has already recovered from the COVID-19 pandemic, and the expansion is driven by projected growth in enplanements. The financing package for the capital program will include federal grants and loans, cash financing, and a bridge loan from Wells Fargo. [Extracted from the article]