Friday, November 14, 2008
News Atlanta airport expansion threatened by nation's financial crisis
Posted by Andisheh Nouraee on Fri, Nov 14, 2008 at 9:18 PM
Construction of the new international terminal at Hartsfield-Jackson might have to stop soon because nobody's buying municipal bonds.
The Atlanta Business Chronicle reports:
The problem isn’t with the airport or the City of Atlanta, which have a solid A+ bond rating, Kennedy said.Investors are fleeing the market and keeping their money on the sidelines out of fear, analysts say. Municipal bonds, typically, are low interest earning, but safe investments. Even in the current economic crisis, investors aren’t buying up municipal debt.
No bonds. No money. No terminal.
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