Transportation and Commerce Committee September 24, 2026

The City of St. Louis Transportation and Commerce Committee convened on September 24, 2026, primarily to discuss Board Bill 51 concerning the third amendment to the restated indenture of trust governing the airport's indebtedness. The meeting featured a detailed presentation by the airport's financial advisor and bond counsel regarding a significant upcoming bond issuance estimated at around $434 million, potentially increasing to $450-$460 million. The bond proceeds are intended to fund approximately $375 million in airport projects, including terminal upgrades, runway reconstruction, and infrastructure modernization. Key procurement-related discussions included the modernization of the airport's bond indenture to increase flexibility in financing and the potential elimination or reduction of debt service reserve fund requirements to align with current market practices. The committee approved the committee substitute for Board Bill 51 with a due pass recommendation, enabling the airport to proceed with the bond issuance and related capital improvement projects. Additional updates noted pending salary-related board bills for the airport director under civil service review, with no immediate action expected.