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St. Louis Lambert International Airport
View allImportant Note: All of the information set forth below is historical and subject to change. Investors must read the entire final official statement (“OS”) as well as any updated information regarding these bonds made available by The City of St. Louis (the “City”) at the Municipal Securities Rulemaking Board’s Electronic Municipal Market Access (“EMMA”) website www.emma.msrb.org, to obtain the information essential to making an informed investment decision.
Project Description
The Airport is located in St. Louis County, which is adjacent to the City, approximately 15 miles northwest of the City’s central business district, and approximately 10 miles from the population center of the St. Louis metropolitan area. The Airport was originally established by Major Albert Bond Lambert and other aviation pioneers on a 160-acre site. The Airport was acquired by the City in 1929 and subsequently expanded to slightly more than 3,600 acres.
Currently, the Airport’s airfield includes 4 runways. 3 primary runways may be used without restrictions by the largest types of commercial aircraft currently in use. The remaining runway is sufficient in length to safely handle most types of aircraft currently serving the Airport. In addition to the runways, there are more than 15 miles of 75-foot-wide concrete taxiways and 4 concrete holding pads.
Terminal facilities include Terminal 1 and Terminal 2. Terminal 1 contains 1,090,009 usable square feet of building space and is comprised of the Main Terminal and 4 concourses (Concourses A, B, C, and all but 3 easternmost gates in Concourse D) with 68 aircraft gates in a mixed configuration. Terminal 2 has 329,588 usable square feet of building space with 19 aircraft gates.
The Airport is a “Medium Hub” by Federal Aviation Administration classification, as it enplaned less than 1% of the total passengers in the United States in 2009. According to the Airports Council International worldwide traffic report for CY 2009, the Airport ranked as the 31st busiest airport nationwide in terms of total passengers.
Bondholder Security
The Airport Revenue Bonds are limited obligations of the City payable solely from the revenues derived from the operation of the Airport and certain other funds pledged under the Indenture, including the Debt Service Stabilization Fund and the Debt Service Reserve Fund. The principal sources of revenues are the rates and charges generated under agreements between the City and the airlines serving the Airport and payments under concession contracts at the Airport.
For a more detailed description of the security for the Airport Revenue Bonds please, refer to the Official Statement for the relevant series of bonds (links provided below) and www.emma.msrb.org for any Continuing Disclosure Updates and Material Event Filings.
Bonds Outstanding
As of June 30, 2026, the following thirteen (13) series of Airport Revenue Bonds were outstanding with an aggregate principal amount of $682,485,000 as follows:
| Series | New Money / Refunding | Par Outstanding | Final Maturity | Tax Status |
|---|---|---|---|---|
| 2005 | Refunding | $140,825,000 | July 1, 2031 | Non-AMT |
| 2007A | Refunding | $24,105,000 | July 1, 2032 | Non-AMT |
| 2017A | Refunding | $14,045,000 | July 1, 2032 | Non-AMT |
| 2017B | Refunding | $15,610,000 | July 1, 2027 | AMT |
| 2017C | New Money | $31,700,000 | July 1, 2047 | Non-AMT |
| 2017D | New Money | $26,605,000 | July 1, 2037 | AMT |
| 2019A | New Money | $13,235,000 | July 1, 2049 | Non-AMT |
| 2019B | New Money | $6,520,000 | July 1, 2037 | AMT |
| 2019C | Refunding | $70,430,000 | July 1, 2034 | Non-AMT |
| 2022A | Refunding | $11,205,000 | July 1, 2032 | AMT |
| 2023A | New Money | $40,845,000 | July 1, 2052 | Non-AMT |
| 2024A | New Money | $279,595,000 | July 1, 2054 | Non-AMT |
| 2024B | New Money | $7,765,000 | July 1, 2054 | AMT |
Debt Service on Outstanding Bonds
Aggregate Debt Service*
(As of June 30, 2026)
| Fiscal Year | Principal | Interest | Debt Service |
|---|---|---|---|
| 2027 | $42,430,000.00 | $34,204,056.25 | $76,634,056.25 |
| 2028 | $44,630,000.00 | $31,929,075.00 | $76,559,075.00 |
| 2029 | $40,075,000.00 | $29,684,750.00 | $69,759,750.00 |
| 2030 | $42,200,000.00 | $27,493,612.50 | $69,693,612.50 |
| 2031 | $44,455,000.00 | $25,185,587.50 | $69,640,587.50 |
| 2032 | $46,825,000.00 | $22,754,137.50 | $69,579,137.50 |
| 2033 | $25,460,000.00 | $20,870,287.50 | $46,330,287.50 |
| 2034 | $20,600,000.00 | $19,718,787.50 | $40,318,787.50 |
| 2035 | $21,625,000.00 | $18,663,162.50 | $40,288,162.50 |
| 2036 | $12,800,000.00 | $17,802,537.50 | $30,602,537.50 |
| 2037 | $13,440,000.00 | $17,146,537.50 | $30,586,537.50 |
| 2038 | $14,115,000.00 | $16,457,662.50 | $30,572,662.50 |
| 2039 | $13,890,000.00 | $15,757,537.50 | $29,647,537.50 |
| 2040 | $14,585,000.00 | $15,045,662.50 | $29,630,662.50 |
| 2041 | $15,320,000.00 | $14,298,037.50 | $29,618,037.50 |
| 2042 | $16,090,000.00 | $13,512,787.50 | $29,602,787.50 |
| 2043 | $16,885,000.00 | $12,688,412.50 | $29,573,412.50 |
| 2044 | $17,725,000.00 | $11,823,162.50 | $29,548,162.50 |
| 2045 | $18,620,000.00 | $10,914,537.50 | $29,534,537.50 |
| 2046 | $19,545,000.00 | $9,944,175.00 | $29,489,175.00 |
| 2047 | $20,555,000.00 | $8,908,343.75 | $29,463,343.75 |
| 2048 | $21,615,000.00 | $7,819,012.50 | $29,434,012.50 |
| 2049 | $18,630,000.00 | $6,775,968.75 | $25,405,968.75 |
| 2050 | $19,600,000.00 | $5,781,362.50 | $25,381,362.50 |
| 2051 | $19,190,000.00 | $4,770,712.50 | $23,960,712.50 |
| 2052 | $20,190,000.00 | $3,743,162.50 | $23,933,162.50 |
| 2053 | $21,240,000.00 | $2,662,106.25 | $23,902,106.25 |
| 2054 | $19,560,000.00 | $1,594,425.00 | $21,154,425.00 |
| 2055 | $20,590,000.00 | $540,487.50 | $21,130,487.50 |
| Total | $682,485,000 | $428,490,088 | $1,110,975,088 |
*Totals may not add due to rounding.
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