The Los Angeles World Airport (LAWA) Board of Airport Commissioners has issued approval for the construction of a $2 billion consolidated rental car facility at LAX.
According to the Los Angeles Business Journal, the 28-year contract between L.A. Gateway Partners (LAGP) and LAWA is worth $2.03 billion and is part of the $5.5 billion Landside Access Modernization Program.
MORE Car Rental & Rail
The project will call for the LAGP to design, build, finance, operate and maintain the facility that will house more than 20 car rental offices in one location. The contract also calls for the construction of a 2.25-mile automated people mover to eliminate congestion at LAX.
The contract still needs approval from the Los Angeles City Council.
“This marks more progress towards our vision of the future of LAX,” LAWA CEO Deborah Flint said in a statement. “We are now in a position to deliver a world-class transportation experience worthy of an international gateway city.”
The Consolidated Rent-A-Car Facility (ConRAC) will be 5.3-million-square-feet and built in an area bordered by Aviation Boulevard to the west, Arbor Vitae Street to the north, La Cienega Boulevard to the east and the new 98th Street extension to the south.
The rental car facility is expected to open to the public in 2023.
Actress Selma Blair was arrested on Sunday after a violent incident aboard a Delta Air…
What is it really like to cruise to the Arctic? Join travel expert and…
**Are some of the world's most popular travel destinations actually overrated?** Before you book your…
**Do you really need travel insurance? What does it actually cover?** We're opening The Jet…
**You've got travel questions, and we've got answers!** It's time to open The Jet Set…
**What's trending in travel, fitness, and wellness?** From healthier habits to new approaches to staying…