![]() The Senate Appropriations Committee adopted a measure last week that would raise the cap on airport passenger facility charges to $8.50 from the current $4.50. “That would be a massive increase in cost with no benefit to the city or airlines,” Shields said. ![]() “While two ordinances are on the table to discuss, the most recent meeting included talks about whether the ballot language should specify the funding stream or not, in case flexibility is needed to include an innovative blend of mostly private funding and perhaps some public bonds for certain elements,” he said.Ĭouncil member Katheryn Shields said she proposed the public financing option to save the city $400 million over the 30-year life of the bonds rather than private financing. “The city council is currently discussing what the ballot language should be,” Hernandez said. The ballot would either ask voters to approve the private financing of the proposal to demolish a shuttered terminal and replace it with a modern facility or whether the city should issue up to $990 million of airport revenue bonds to fund it.
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