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Board amends airport bond appropriation to reserve Plot 700 funding pending CEQA; approves remainder of bond package
Summary
The subcommittee approved the airport’s request for roughly $1.97 billion in airport revenue bond authority for terminal improvements, a new ATC tower and other projects, found the Plot 700 development fiscally feasible while placing $30.2 million for Plot 700 on committee reserve pending CEQA findings.
The committee considered three consolidated items from the San Francisco International Airport: (1) a resolution finding the proposed Plot 700 development fiscally feasible; (2) an ordinance appropriating approximately $1.97 billion in proceeds from airport bond sales for capital projects; and (3) a resolution approving issuance of up to approximately $1.97 billion aggregate principal amount of Airport Commission capital plan bonds.
Kathy Widener and Bruce Robertson of the airport…
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