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Green Evaluation: Portland, Maine General Airport Refunding Revenue Bonds, Series 2019, November 8, 2019

The City of Portland owns and operates the Portland International Jetport (PWM), a nine contact gate, small hub airport with approximately 1.1 million enplaned passengers serving southern Maine. PWM occupies approximately 840 acres in the city and in the adjacent city of South Portland, located about three miles west of Portland's downtown. The proposed approximately $65 million series 2019 revenue bonds are being issued to refund the city's $72.3 million series 2010 airport revenue bonds and pay the issuance costs. The proposed series 2019 bonds will mature Jan. 1, 2040. The series 2010 bond proceeds were used to fund an expansion and renovation of the airport terminal, fund a reserve, and pay issuance costs. The 2019 bonds will be labeled green bonds, and approximately 29% of project costs fall within the scope of our Green Evaluation.

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