Austin Seeks $1 Billion of Munis for Airport Expansion Plan

Austin is set to bring a $1.18 billion airport revenue bond sale to market on Tuesday as growth in one of the nation’s fastest-expanding metro areas strains capacity at Austin-Bergstrom International Airport.

The proceeds will help fund part of the airport’s $5.5 billion capital plan and refinance debt issued for earlier infrastructure projects. The borrowing is part of “Journey With AUS,” a multiyear overhaul aimed at expanding capacity for flights, passengers and cargo. Planned improvements include a terminal expansion, a new ticketing and check-in hall, a central utility plant and new taxiways.

Austin ranked among the fastest-growing metropolitan areas in ...