March 27, 2017
Washington’s Public Ports: Financing Airport and Seaport Infrastructure
Washington’s public ports support trade, commerce and economic development and are responsible for the development and operation of seaport, airport, marina, recreational, and industrial development facilities throughout the state. Port districts have a variety of options for financing these facilities, including issuing bonds secured by operating revenues, lease revenues, facility charges, taxes, assessments, or user fees. Port often issue bonds on a tax-exempt basis to reduce financing costs.