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Committee hears $3 billion SFO revenue bond request; BLA amendment accepted and item continued for further review
Summary
The committee received a presentation on a request for up to $3 billion in new San Francisco International Airport revenue bonds and related appropriations for airport capital projects; the Budget Analyst recommended language changes and the Chair moved to accept the amendment and continue the item for one week.
Clerk read two items requesting authority for San Francisco International Airport to issue up to $3,000,000,000 in new revenue bonds and to appropriate approximately $3,800,000,000 in proceeds (including previously authorized but unissued bonds) to fund elements of the airport capital improvement plan.
Kathy Widener of the Airport summarized major projects to be funded by the issuance: the new Harvey Milk Terminal 1, a new Concourse 3 connector, the…
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