Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

	For the Fiscal Years Ended September 30,
	2016			2015		2014			2013			2012
(in thousands, except ratios)
Net income (loss)	$	133,077		$	92,139	$	(24,558	)	$	47,542		$	61,241
Fixed charges	137,076			145,022		152,017			178,196			155,595
Amortization of capitalized interest	2,301			2,302		2,203			2,204			2,221
Capitalized interest	—			—		(735		)	(1,976		)	(34		)
(Income) loss attributable to non-controlling interests	(427		)	2,255		380			2,784			2,019
Earnings	$	272,027		$	241,718	$	129,307		$	228,750		221,042
Interest expense, net of capitalized interest and amortization of debt issuance costs, premiums and discounts	$	126,174		$	136,105	$	139,896		$	157,865		$	136,070
Capitalized interest	—			—		735			1,976			34
Amortization of debt issuance costs, premiums and discounts	10,020			7,771		8,037			12,285			9,987
Interest portion of rental expense (1)	882			919		1,144			1,096			1,256
Accretion of discount to the relinquishment liability	—			227		2,205			4,974			8,248
Fixed charges	$	137,076		$	145,022	$	152,017		$	178,196		$	155,595
Ratio of earnings to fixed charges (2) (3)	1.98			1.67		0.85			1.28			1.42

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(1) A 10% factor was utilized to calculate the interest portion of rental expense, which the Authority believes to be a reasonable approximation.

(2) Pursuant to Item 503 of Regulation S-K.

(3) Earnings for the fiscal year ended September 30, 2014 were inadequate to cover fixed charges. The coverage deficiency was approximately $23.0 million.