Philadelphia Airport Gains Clearance in Expansion Project
Philadelphia International Airport has been planning on a huge renovation project, but the potential holdups involving local residents in a neighboring township have caused concern about the feasibility of the project.
According to The Associated Press, the multibillion-dollar expansion of the Philadelphia airport took a step in the right direction Wednesday when the city came to an agreement with neighboring Tinicum Township, Interboro School District and Delaware County to settle all lawsuits tied to the expansion project.
Instead of Philadelphia being forced to purchase 72 homes and move 300 residents in the Tinicum area, the airport must continue paying all parties involved in the agreement, just as it did until 2007 when the previous deal expired.
This agreement gives another green light to the expansion project that includes a 1,500-foot runway extension, terminal and interior improvements, a new car rental facility and an improved people-mover. The city’s mayor Michael Nutter told The AP the upgrades will be implemented “to improve passenger experiences, accommodate future growth and expand our role as a leader in global air travel.”
Philadelphia International Airport averages more than 30 million travelers each year, and the improvements to the facilities are expected to help the local economy go from $14.4 billion worth of revenue in 2006 to $26.4 billion by 2025, officials told The AP.
The project will take place in different phases, and the overall construction and renovations will be completed in 12-15 years. As for who is paying for this bill, the airport will be using bonds, grants, passenger charges and other airport funding.
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