Las Vegas Airport's Debt Bet

Saskal, Rich
September 2009
Investment Dealers' Digest;9/11/2009, Vol. 75 Issue 34, p11
Trade Publication
The article reports on the plan of McCarran International Airport to issue 484 million of Build America Bonds (BAB) and non-alternative minimum tax (AMT) bonds in Clark County, Nevada in 2009. McCarran Airport, owned and run by the Clark County Department of Aviation, has disclosed the initiated issuance of 300 million dollars of senior-lien taxable BABs. It also intends to enclose the marketing of 184 million dollar of subordinate-lien tax exempt bonds that had gained from the AMT holiday.


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