Local News
Provo Airport director provides expansion update, discusses proposed transportation sales tax bond with Provo City Council
A resolution to authorize the issuance of a transportation sales tax revenue bond for the Provo Airport expansion was discussed in a Provo City Council work session Tuesday and will be presented to the council following a public hearing on Dec. 16. As part of the planned construction schedule, the city is proposing the issuance of a 15-year, $20 million bond, not to exceed 6%, toward airport construction that would be repaid by $11 million in a 1/4-cent transportation sales tax and $13 million in Passenger Facility Charges, or PFC, revenue. “This is taking revenues that were already ...
