TITLE

Dallas Council Approves Agreement Repealing Wright Amendment in 2014

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/3/2006, Vol. 357 Issue 32415, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the approval of a resolution calling for the repeal in 2014 of the Wright Amendment by the Dallas City Council, Texas. The 1979 law was written to protect bondholders who hold debt issued to finance the Dallas-Fort Worth International Airport. The agreement includes a plan to reduce the number of gates at Love Field to 20 from 32, thus constraining the number of airlines that could relocate there once the Wright restrictions are eliminated.
ACCESSION #
21489958

 

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