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State treasurer's office raises financial concerns about airport transfer

The creation of a Charlotte airport authority would raise thorny legal issues involving airport debt and could even affect the cost of state borrowing, the N.C. Treasurer’s office said Monday.

Deputy Treasurer T. Vance Holloman said legal uncertainty over the airport’s $860 million debt “could result in potential prolonged litigation.” He said transfer of airport control from the city of Charlotte to a new authority “could affect the cost of borrowing and desirability of North Carolina revenue bonds.” He urged lawmakers to “proceed cautiously.”

Holloman made the comments in a letter to Sen. Bob Rucho, a Matthews Republican and a main sponsor of legislation that would create an independent, 13-member authority to run Charlotte Douglas International Airport. Full story here.


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