Louis Armstrong International Airport gets OK to refinance bonds for parking facilities | NOLA.com

The State Bond Commission Thursday approved a request by officials of Louis Armstrong New Orleans International Airport to refinance existing bonds to help enhance cash flow for additional parking facilities. Without objection, the panel approved the proposal to issue up to $40 million in bonds to refinance existing ones at a lower rate for an additional five years. Bond attorney Wayne Neveu of New Orleans said the move will save airport officials about $500,000 a year in existing costs but tack another five years onto the life of the bonds, now set to mature in 2031...

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