The $1.7 Billion Terminal Bet That Just Became America's Most Oversubscribed Airport Bond
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San Antonio International Airport (SAT) is currently implementing its $2.5 billion 'Elevate/SAT' capital improvement plan. This includes multiple infrastructure projects, and the airport completed a new Ground Load Facility for Terminal A in March 2026. Meanwhile, the airport broke ground on the new Terminal C in December 2024, and the project is roughly 25% complete.
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