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Norfolk Considers $400 Million Airport Financing Authorization

Norfolk Employees Retirement System logoNorfolk Employees Retirement System
Disclosed value
Aggregate principal amount not to exceed $400,000,000
From agenda
Document date
Feb 24, 2026

The 30-second brief

What it covers

Norfolk City Council considered approving up to $400 million in financing for the Norfolk Airport Authority. The proceeds would fund Norfolk International Airport and related facility projects.

Who holds it

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

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Contract details

Contract type
Financial Services
Amount
Aggregate principal amount not to exceed $400,000,000
Document date
February 24, 2026
Vendor
Norfolk Airport Authority
Agency
Norfolk Employees Retirement System
Source document
Norfolk City Council Agenda 2026-02-24 (Agenda)

Norfolk Airport Authority's other public contracts

City of Norfolk, VirginiaNorfolk Approves $400M Airport Authority Bond Issuance · Feb 24, 2026City of Norfolk, VirginiaCouncil to Approve Up to $400M Airport Financing · 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

More Norfolk Employees Retirement System contracts

Heartland ConstructionMaury High School Contract Awarded to Heartland Construction · Oct 22, 2026Breeden ConstructionEast Street Garage Contract Awarded to Breeden Construction · Oct 22, 2026Full StrutFull Strut Provides Trash Service for Rental Property · Oct 22, 2026UndisclosedLambert’s Point PartnersMadison School Sale Negotiated With Lambert’s Point Partners · Oct 22, 2026UndisclosedHost My Home LLCHost My Home Continues Short-Term Rental Management · Oct 22, 2026UndisclosedAll Norfolk Employees Retirement System activityAgency profile

Questions about this contract

Who was awarded the financial services contract by Norfolk Employees Retirement System?

Norfolk Airport Authority was awarded this financial services contract by Norfolk Employees Retirement System, as recorded on February 24, 2026. The contract value is Aggregate principal amount not to exceed $400,000,000.

How much is the Norfolk Airport Authority contract with Norfolk Employees Retirement System worth?

The Norfolk Airport Authority contract with Norfolk Employees Retirement System is valued at Aggregate principal amount 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 Norfolk City Council Agenda 2026-02-24 (Agenda), dated February 24, 2026 from Norfolk Employees Retirement System. 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 Norfolk Employees Retirement System currently buying?

Explore Norfolk Employees Retirement System's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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