Times of Sand Diego - Chris Jennewein

The San Diego County Regional Airport Authority announced Thursday it has completed bond financing totaling $1.062 billion at 5.18% interest to support construction of the new Terminal 1.

The bond sale will provide funding for terminal and roadway construction, as well as airside projects as part of the New T1 program.

Despite a volatile bond market and increasing interest rates, investors placed more than $3 billion of orders for the Airport Authority bonds.

The $3.4 billion terminal is set to open in late summer 2025.

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