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Governor Chafee's capital budget shows $150+ million in borrowing to complete this project. Debt service coverage would be about $15 million per year. RIAC has zero fat in current budget. If this project moves forward, total debt service would eat up all --- all --- of the current operating revenue leaving the airport totally dependent on FAA grants for survival. I don't think the bond rating agencies will be happy with this.

From: Airport expansion necessary, logical

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