In late 2024, the city of Houston issued $1.1 billion of special facility revenue bonds (SFRBs) to finance a portion of the $2.5 billion redevelopment of Terminals B and C at George Bush Intercontinental Airport (IAH).
The redevelopment project is to help United Airlines handle expected increases in passenger volume. The work will include improving and expanding the Terminal B central-processing facility; constructing the Terminal B North Concourse to replace the original circular flight stations to accommodate 22 narrow-body aircraft equivalent gates; replacing the Terminal B baggage-handling system and constructing a new baggage-handling system make-up building; and reconfiguring the Terminal B South Concourse gates to accommodate 18 large regional jet gates and add jet bridges, among other improvements.
In addition to the SFRBs, the expansion will be financed with general airport revenue bonds (GARB). The total anticipated size of the SFRBs is capped at $1.95 billio
