The project is one of the largest planned commercialconstruction ventures in metro Orlando in a decade.

The airlines want to delay the opening of the internationalterminal until June 2005 because they question the need for theexpansion at this time. In return for the delay, however, thecarriers would approve other construction work.

The deal currently being negotiated by the airlines and theGreater Orlando Aviation Authority would have the carriers pay fora portion of the $200 million in improvements scheduled for themain terminal, a larger Federal inspection station in theinternational terminal; and permanent stations for all people-movertrams. The balance of the $200 million cost would be covered bypassenger fees.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.