GO Zone Bonds Utilized at N.O. Airport
In May, the Louis Armstrong New Orleans International Airport (LANOIA) completed the sale of $54 million of Gulf Opportunity Zone bonds to fund terminal improvements. TMG Consulting was a member of the bond team and completed the work with the associated PFC Application for Federal Aviation Administration (FAA) approval of the funding.
In February, LANIOA awarded a contract for a $100 million Consolidated Rental Car Facility. Funded by Gulf Opportunity Zone Bonds, this project creates an 1,800 space rental car facility within passengers’ walking distance of the terminal. TMG guided the project’s conceptualization as well as rental car companies’ approval and was a member of the bond team for financing the project, which is scheduled to open in late 2012.
We continue to assist Armstrong with planning and programming services, and tasks include assisting with procurement for services, analyzing privatization options, and developing capital projects and financing means in anticipation of welcoming visitors to the 2013 Super Bowl.
TMG can help develop both small and large capital programs, from master planning, programming, and identifying available funding to fulfilling compliance and regulatory requirements. To discuss specific needs, please contact Ross Chapman at 504-569-9239, Ext. 27 or firstname.lastname@example.org.