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Updated · Bloomberg · May 5Charlotte Airport wins approval for runway bonds
12 articles · Updated · Bloomberg · May 5
- The airport can issue $215 million in revenue bonds to fund a new 10,000-foot runway at Charlotte Douglas International Airport.
- The runway will be the airport's fourth and is intended to expand capacity as passenger demand grows.
- It forms part of Charlotte Douglas's roughly $4 billion capital plan to modernize the airport and support future operations.
With federal airport funding set to drop, can Charlotte's 'smart runway' technology prove its value and create a new financing model? Will America's first 'smart runway' revolutionize aviation safety, or will its 2,000 sensors create an unforeseen high-tech security risk?