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Article: New backer for airport terminal funding sought.(REAL ESTATE & CONSTRUCTION)
- Article from:
- New Hampshire Business Review
- Article date:
- October 24, 2008
CopyrightCOPYRIGHT 2008 Business Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Officials at Manchester-Boston Regional Airport are hoping to find an investment firm that can pick up some of the costs of a 16-year-old construction project now that its previous banker, Lehman Brothers, has gone bankrupt.
According to the New Hampshire Union Leader, the Manchester Board of Aldermen has given airport officials permission to strike a deal that would keep interest rates steady as the airport continues to pay off the debt on its $30 million terminal building.
Finance Officer Bill Sanders urged the board to approve the request, warning that unless the Lehman Brothers contract is replaced, the airport would lose $2 million and could be ...