Author Archives: Mike Christensen

Burbank-Glendale-Pasadena Airport Authority Celebrates 94th Anniversary of Hollywood Burbank Airport With Closing of 2024 Airport Revenue Bonds for Replacement Passenger Terminal Project

On May 30th, the 94th Anniversary of Hollywood Burbank Airport (“BUR”), the Burbank-Glendale-Pasadena Airport Authority (“Authority”) closed on $724.78 million of its 2024 Series A, B and C Airport Senior Revenue Bonds (“Bonds”). The Bonds were issued through an underwriting syndicate led by BofA Securities with Public Resources Advisory Group serving as the Authority’s municipal…

Airport Authority Sets Maximum Cost for Construction of New Passenger Terminal

The Burbank-Glendale-Pasadena Airport Authority (BGPAA) has unanimously approved a guaranteed maximum price (GMP) of $1.11 billion for the design and construction of the airport’s replacement passenger terminal. “The GMP is in line with projections and the result of many years of hard work,” says Felicia Williams, President of the BGPAA. “Collaboration between the cities, staff,…

BGPAA Commission Selects Design Concept for Replacement Passenger Terminal

The development of the replacement passenger terminal (known as “Elevate BUR”) has marked another major milestone, with Burbank-Glendale-Pasadena Airport Authority (BGPAA) Commissioners voting today to move forward with the design concept known as “The Icon.” “The Commission’s decision to adopt ‘The Icon’ concept for the replacement terminal program takes us a step closer to bringing…