Report Inappropriate Comments

Michael2012: FAA construction funding is going to be about $95 million after you deduct the short term interest for the bank loan to prefund the project. Entire project according to the Record of Decision is over $500 million. That leaves at least $400 million to be picked up by ticketholders and people parking at the airport. Airport Corporation is planning on skipping about $200 million in terminal and roadway improvements that will be needed to handle the millions of new passengers streaming into the airport to use the longer runway. But this still leaves $200 million in local money - which neither the airport nor state government has hanging around. That money would be borrowed bringing up the Airport's debt service to around $42 million per year on $60 million of revenues and grants.

Given a similar situation in Philadelphia, Southwest has pulled out and USAirways has warned the airport that it will pull out if the improvement projects move ahead, leaving an all but empty airport in Philadelphia. Projected cost per enplanement there is in the $35 dollar range or three times to five times the normal metric. Same thing would happen here