Atlanta Proposes $1 Billion Bond to Rehab World’s Busiest Airport

Atlanta is proposing a $1 billion municipal-bond borrowing to help finance infrastructure improvements at the Hartsfield-Jackson Atlanta International Airport, the busiest hub in the world.

The city plans to issue about $970 million of bonds subject to the alternative-minimum tax, and roughly roughly $50 million of non-AMT bonds, according to an Aug. 8 securities filing outlining the borrowing plans. Atlanta is also considering designating one or more series of the issue as “green bonds,” the filing states.