State Infrastructure Bank Programs
State Infrastructure Bank Programs
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In August 2018, the Treasurer’s Office assisted with the issuance of $15.7 million in bonds on behalf of the Akron-Canton Regional Airport Authority. State SIB Series 2018-1 financed improvements which include the replacement of five ground-level boarding gates with four second-level boarding gates, adding approximately 45,600 SF of new space and renovation of 10,000 SF of existing space, adding passenger boarding bridges, new restrooms, a business lounge, retail space and a children’s play area, all to meet customer demands. The airport continues to be one of the top growing airports and this project is in addition to the $100M+ investments in the early 2000’s.
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