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Provo council authorizes up to $20M in revenue bonds, appropriates $20M for airport terminal expansion
Summary
Council authorized up to $20 million in transportation sales‑tax revenue bonds to bridge funding for the Provo Airport terminal expansion and appropriated the funds to allow the project to proceed; officials said the bonds are revenue bonds (not general‑obligation) backed by a designated county option sales tax and airport revenues and would not raise city property taxes.
The Provo City Council unanimously approved authorization to issue up to $20,000,000 in transportation sales‑tax revenue bonds and then appropriated $20,000,000 in the airport fund to enable construction of the airport terminal expansion.
Airport Director Brian Torgerson described the phased expansion, including apron work completed earlier and phase‑2 construction starting imminently;…
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