NCSailor said:
The article doesn't mention how the cost will be underwritten. A $150 per passenger fee isn't going to pay the debt service on a $153 million bond package that will likely be junk rated.
Who and how the final cost will be paid is not something I would try to pin down. The rules do require the UK back in London to approve the debt and the plan to pay it back.
Here are some very rough numbers...
393,000 annual overnight visitors taxed or fee'd somewhere @$100 each per visit on average would produce nearly $40 Million in cash to service debts when the time comes to pay any debts. I paid that much in rental car taxes and fees in New Orleans last week. With nearly 400,000 annual overnight visitors there are many paths to paying for a half a billion in infrastructure projects.
If I was going to guess? A hotel and overnight guest set of fees will end up paying for the airport and other tourism infrastructure. In Europe and back in the UK those numbers are greater than 20 percent of the total amount paid to rents rooms and boats.
