North Carolina Construction News staff writer
The North Carolina Local Government Commission (LGC) has approved a series of financing requests from the city of Charlotte totaling nearly $1.5 billion, including major funding to support construction of a fourth runway at Charlotte Douglas International Airport.
The commission authorized the city to issue $215 million in revenue bonds for the new runway project, which airport officials say is needed to address growing capacity demands at one of the world’s busiest airports for takeoffs and landings. The LGC also approved $175 million in revenue bond anticipation notes for existing runway rehabilitation, terminal improvements and other airport-related projects…