NYTDC bonds to finance Delta’s LGA redevelopment project; JFK NTO considers bond issuance 

On November 2, 2023, the New York Transportation Development Corporation (NYTDC) issued its $877,855,000 Special Facilities Revenue Bonds, Series 2023 and loaned the proceeds to Delta Air Lines to finance a portion of the costs relating to a construction project the airline is undertaking at LaGuardia Airport. The redevelopment consists of the demolition of substantially all of LGA Airport’s previously existing Terminals C and D, the design and construction of new terminal facilities at LGA Airport, and the design and construction of certain other facilities at LGA Airport.  Delta is required to pay debt service on the 2023 Bonds through