Thursday, August 16, 2007
San Jose OKs $825M airport bonds
As seen in the Silicon Valley / San Jose Business Journal
- 8:21 AM PDT Wednesday, August 15, 2007
" The San Jose City Council on Tuesday unanimously authorized Mineta San Jose International Airport to issue $825 million in general airport revenue bonds to continue funding of the airport's capital improvement program over the next three years.
Proceeds of the Series A & B bonds will finance a portion of the first phase of the airport's terminal area improvement program, which is estimated to cost about $1.3 billion and will be completed in 2010.
"Having a world-class, modern airport is critical to Silicon Valley's economy. With this funding, we can build an airport for the future and provide better service for our residents and businesses," said San Jose Mayor Chuck Reed. ""