![]() These are the first 22 of 48 new gates expected to open by the end of 2027, effectively doubling the current number of gates at the airport. The remaining 17 gates are still on schedule to open in October. The Salt Lake City International Airport is already expanding this year, as the first five gates of the new Concourse A-East building are slated to open next week. Of course, it all depends on how the market is doing. This would help fund the airport’s ongoing projects that are expected to go online in the next year. They are asking for the Salt Lake City Council to approve a resolution that would authorize the issuance of up to $600 million in bonds, though they plan to sell a little over $450 million in debt. So, as the airport continues to expand, executives are looking for new funds to help with all the new adjustments associated with its sudden growth, especially as they find themselves running out of money before they can reach what’s expected in the next four years. ![]() That accounts for an increase of budget, which accounts for our continuing need to finance the program,” he told the Salt Lake City Council Tuesday. “It's a 13-year capital construction project that has seen several scope changes, which is basically an addition to the work, etc. The current estimate is that the entire cost of the airport will reach about $5.14 billion by that point. ![]() Work began at the new Salt Lake City International Airport in 2014, six years before the facility was functional in its initial stage.īut so much has changed over the past decade, and what city officials originally had in mind for the airport isn't exactly what they expect the airport to look like when the first four phases are complete in 2027, says Bill Wyatt, the airport's executive director.
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