NEWS RELEASE - CITY COUNCIL APPROVES AIRPORT BOND PROGRAMCity of Phoenix, Arizona, Official Municipal Web site - City NewsPhoenix City Council Approves Airport Bond Program
Contact:
Suzanne Luber Pager
602-273-3450 602-673-5355
May 4, 2000
$640 Million Authorization Ensures Growing Future
In an effort to meet the growing demand for airport facilities, the Phoenix City Council unanimously authorized the Aviation Department to issue $640 million of airport revenue bonds on May 2. These bonds will be supported solely by airport user fees with no impact on general tax funds.
The proposed bond program for Phoenix Sky Harbor International will allow for many needed airport facilities including terminal development and initial design of an airport people mover system. Funding would be provided to continue the Residential Sound Assistance and Voluntary Land Acquisition programs. Parking capacity issues at the airport and technology improvements will also be addressed with the new bond program.
"All three airports in the City of Phoenix Aviation system are growing tremendously," said Acting Aviation Director David Krietor. "With the Council's approval, we will now be able to move forward to build the infrastructure to better serve all of our customers. This decision will help us plan for the future of our airports as well as meet the customer service expectations of airport patrons."
At Phoenix Deer Valley Airport plans include additional land acquisition, assistance in replacing the air traffic control tower and a corporate hangar development site. Phoenix Goodyear Airport developments will be a new electric vault, west taxiway system and a new t-hangar complex.
