WASHINGTON -- Kansas City, Mo., officials are eyeing what could be the biggest municipal lease deal ever -- a $1.5 billion taxable lease revenue bond offering to finance a new McDonnel Douglas Corp. aircraft plant.

The lease financing plan is a key part of an incentives package the city is offering to lure the company into building a new jumbo jet construction plant there. Nine other cities are in the running, and the company is expected to announce its decision at the end of the year.

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