He said the new facility will have about 70 percent more retail and food vendors than currently, and will “accommodate the volume of offerings that our passenger volume would ordinarily suggest.” “You, the city and the community, will be really excited the winners” when they are announced, Wyatt told the board. He said they also are nearly finished scoring bids for food and beverage vendors. The Airport Advisory Board also heard updates Wednesday on choosing retail and food vendors for the new facility, issuing perhaps $1 billion in bonds for financing, and seeking more international flights that new facilities can handle.Īirport Director Bill Wyatt said officials have completed scoring the bids for first-phase retailers and are trying to execute contracts with the winners. The study noted the project is funded by airline passenger facility fees, rental-car fees, federal grants and savings by the airport - not by local property or sales taxes. When the full project is completed, the airport will have two new concourses connected by tunnels, a new central terminal, a new parking garage, an elevated roadway with separate levels to drop off and pick up passengers, a new car-rental facility and a new 3,000-space economy parking lot. The new airport will replace 50-year-old facilities that were designed to handle about 10 million passengers a year - while the airport now handles about 26 million annually. Mike Williams, airport redevelopment project manager, said that of the $1.5 billion in contracts awarded for the project so far, about $1 billion were won by local firms. It actually is boosting the economy of other states also because many of the contractors and workers are from out of state. Those are only the local impacts of the project, Richman said. Overall, that means an extra 3,319 jobs a year, the study said, with $165 million in wages and income.įor the full 12- to 13-year span of the project, the study said construction spending will create 43,148 full-time jobs and $2.1 billion in wages and income. Another 443 jobs will come from other industries providing goods and services for the project, and 885 more jobs from the economywide impact of spending by project workers.
So the new study says the revised overall construction spending of $2.9 billion would bring economic impacts of $5.5 billion.Ĭonstruction will create an average of 2,001 jobs a year for people working directly at the airport, the study says. Since then, the city decided also to build part of an additional concourse. It said that phase’s $1.6 billion in construction costs would bring an economic impact of $3.02 billion and create 1,993 jobs annually. The airport ordered an economic impact analysis five years ago on the first phase of construction. (Christopher Cherrington | The Salt Lake Tribune)
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