The Susquehanna Area Regional Airport Authority today approved the refinancing and restructuring of about $43 million in airport bonds.
The Susquehanna Area Regional Airport Authority today approved the refinancing and restructuring of about $43 million in airport bonds. The bonds were sold in 2003 and 2004 to help pay for the new terminal building at Harrisburg International Airport. The authority owns and operates the Dauphin County airport.
The bonds are being refinanced because their interest rates have risen as a result of the collapse of the subprime-interest market, among other factors, authority officials said. The elevated interest rates could mean a $450,000 increase in interest payments for the authority in 2008, officials said.
