Clark County, Nevada plans to sell about 6 million of bonds backed by the revenues from McCarran International Airport.
“We’re cautiously optimistic that we will continue to enjoy some growth, particularly on the international side, over the next three years,” Joseph Piurkowski, CFO of the Clark County Aviation Department, told Bloomberg. “There is also potential for future growth as more Las Vegas hotel rooms are scheduled to come online over the next few years.”
The borrowing cost of the subordinate lien revenue debt, which would retire securities issued in 2004, may be around 4.3 percent, saving $28.6 million, Piurowski said.
McCarran is the second-largest U.S. origin and destination airport after Los Angeles International. Last year, the airport brought in $79.9 million in passenger- facility charges, up from $75.3 million in 2009.
