More Than $400 Million Ready for Seattle Water, Airport

Williams, Rochelle
April 2003
Bond Buyer;4/28/2003, Vol. 344 Issue 31623, p33
Trade Publication
Port of Seattle and City of Seattle issued a total of more than$ 400 million of revenue bonds benefiting the Seattle-Tacoma International Airport and the city's water system. The deal is for the city's water system, and includes $106 million of new-money revenue bonds, with the remainder refunding a 1993 issuance. Utility-rate revenues secure the water system bonds, rather than the full faith and credit of the city. The Port of Seattle will issue$ 125 million in special facility bonds for a fuel hydrant project at Seattle-Tacoma International Airport.


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