We link similar content weeks ago but another trade mag offers a worthwhile overview of DOWNGRADED KANSAS CITY AIRPORT BONDS that offer a glimpse of the sketchy financing that's supporting a project that COVID-19 has fundamentally transformed.
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Kansas City heads into the market Wednesday to wrap up financing for its $1.5 billion replacement of the Kansas City International Airport terminals. The deal selling through the Kansas City Industrial Development Authority offers $478 million series of airport special obligation paper subject to the alternative minimum tax and $57 million of non-AMT airport special obligation bonds.