St. Louis Lambert International Airport Closes Sale of 2024 Airport Revenue Bonds

St. Louis Lambert International Airport Closes Sale of 2024 Airport Revenue Bonds for Capital Improvement Program

 (ST. LOUIS – June 11, 2024) Today St. Louis Lambert International Airport closed on $287,360,000 Series 2024 A and B Airport Revenue Bonds. Proceeds from the bonds will support financing capital improvements.

“Today is a critical step as we look to the future of St. Louis Lambert International Airport. These funds are a key piece of ensuring that we have infrastructure and facilities that serve STL for years to come,” said Airport Director Rhonda Hamm-Niebruegge.

These capital improvements will include the design and construction of a new central utility plant; the design and construction of a new de-icing pad; and a new airfield maintenance facility.  

Comptroller Darlene Green commented, “Investors continue to show strong interest in St. Louis Airport Revenue Bonds even in a very challenging municipal bond market”.

Proposed funding sources include general Airport Revenue Bonds, FAA Airport Improvement Program grants, passenger facility charges, and Airport Development Fund dollars.

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Comptroller Darlene Green is the chief fiscal officer of the City of St. Louis and is charged with safeguarding the city’s credit rating and with protecting taxpayer dollars. Visit www.stlouis-mo.gov/comptroller to learn more about the Office of the Comptroller.