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Council to Approve Up to $400M Airport Financing

City of Norfolk logoCity of Norfolk
Disclosed value
Not to exceed $400,000,000
From agenda
Document date
Feb 24, 2026

The 30-second brief

What it covers

Norfolk Council will consider a resolution approving Norfolk Airport Authority’s plan to issue up to $400,000,000 in bonds or other financings to fund acquisition, construction, improvement, and equipping of Norfolk International Airport facilities and related reserves. The authorization supports major airport capital investments.

Who holds it

Norfolk Airport Authority holds this financial services contract with City of Norfolk. Its other public contracts on record include work for Norfolk Employees Retirement System and Norfolk Airport Authority.

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Contract details

Contract type
Financial Services
Amount
Not to exceed $400,000,000
Document date
February 24, 2026
Vendor
Norfolk Airport Authority
Agency
City of Norfolk
Source document
City of Norfolk Agenda Docket for the Council 2026-02-24 (Agenda)

Norfolk Airport Authority's other public contracts

City of Norfolk, VirginiaNorfolk Approves $400M Airport Authority Bond Issuance · Feb 24, 2026Norfolk Employees Retirement System, VirginiaNorfolk Considers $400 Million Airport Financing Authorization · Feb 24, 2026Norfolk Employees Retirement System, VirginiaNorfolk Amends PILOT Agreement With Airport Authority · Feb 10, 2026UndisclosedCity of Norfolk, VirginiaNorfolk Airport Authority Seeks $12M Flight Subsidy · Feb 9, 2026Norfolk Airport Authority, Virginia$200M bond issuance approved for Consolidated Rental Car Facility · Dec 4, 2025$200MAll Norfolk Airport Authority contractsVendor profile

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Questions about this contract

Who was awarded the financial services contract by City of Norfolk?

Norfolk Airport Authority was awarded this financial services contract by City of Norfolk, as recorded on February 24, 2026. The contract value is Not to exceed $400,000,000.

How much is the Norfolk Airport Authority contract with City of Norfolk worth?

The Norfolk Airport Authority contract with City of Norfolk is valued at Not to exceed $400,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Norfolk Agenda Docket for the Council 2026-02-24 (Agenda), dated February 24, 2026 from City of Norfolk. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Norfolk Airport Authority hold?

Norfolk Airport Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is City of Norfolk currently buying?

Explore City of Norfolk's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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