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City Council preliminary OKs $300 million airport refunding bonds and approves lease with ground‑support firm
Summary
The City Council gave preliminary approval for up to $300 million in New Orleans Aviation Board revenue refunding bonds and adopted an ordinance authorizing a five‑year lease with GATT Airline Ground Support Inc. Councilors recorded unanimous support; a resident warned refinancing costs could burden airport users.
The New Orleans City Council voted unanimously to give the New Orleans Aviation Board preliminary approval to issue up to $300,000,000 in revenue refunding bonds and approved an ordinance authorizing a five‑year lease at Louis Armstrong New Orleans International Airport with GATT Airline Ground Support Inc.
The bond authorization (resolution R25605, by request of Council member Green) is intended to refinance series 2024 bond anticipation notes and to finance additional capital improvements at the airport. Council members recorded…
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