Sarah S. Riordan
The Indianapolis Local Public Improvement Bond Bank
The Indianapolis Local Public Improvement Bond Bank
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In November 2022, the Bond Bank issued $174,640,000 across three series of Non-AMT, AMT and Taxable Airport Revenue bonds to fund various capital improvements at the Indianapolis International Airport Terminal. The capital improvements included: expansion of the Parking Garage at the Airport, expansion of Terminal Aircraft RON Parking at the Airport, completion of Airfield Maintenance and Snow Removal Equipment Facility at the Airport, improvement of 5R/23L South Runway at the Airport, addition of Terminal Heating and Cooling Back-Up at the Airport, rehabilitation of Public Parking Lots at the Airport.
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