Anonymous #1 1w

Fun fact: the major airports are generally self-sustaining. Parking, fees (from airlines and rental car companies), concessions, and rent are their sources of revenue. If there’s a big expansion or renovation, they’ll issue municipal bonds or use a federal grant. If a terminal is dominated by a single airline, that airline might be the one paying for most of the renovation

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Anonymous #2 1w

hmm actually seems like JFK and LGA have their new terminals privately funded and maintained https://bipartisanpolicy.org/article/eight-airport-public-private-partnerships-taking-off-in-the-u-s/ Most European airports are actually privately owned, but very few US ones are. There’s a wild poison pill in the law that says if the airport’s control is changed to a private entity, their tax-exempt bonds (which is basically all of their bonds) have to be paid off immediately 💀

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