An ambitious plan for a $1 billion consolidated car rental facility at Los Angeles International Airport is cleared for…negotiations.
The Los Angeles Board of Airport Commissioners, the airport’s governing body, gave airport officials the green light to negotiate a contract with a consortium of 11 companies to design, build and operate the facility, according to the Los Angeles Business Journal.
The L.A. Gateway Partners consortium includes Denver-based PCL Construction Services as the general contractor and A.C. Martin Partners as the local partner. Bonds would make up part of the financing for the project.
The so-called Consolidated Rent-a-Car facility would be built two miles east of the airport near Interstate 405, according to the L.A. Business Journal. It would consolidate 20 or so car rental operations spread around cities and neighborhoods around LAX into one central facility. The 5.3-million-square-foot project is expected to wrap up in 2023.
Airport officials have big plans for other properties around the airport as well. Officials released a request for proposals to redevelop 93 acres north of the airport earlier this year. It’s zoned for recreational and office uses.
The parking facility is part of the wider Landside Access Modernization Program, which is meant to improve access to the airport. LAX’s planned tram, the People Mover, would connect the facility to the airport.
There’s plenty of private development moving along around the airport, too. A Santa Monica-based firm is redeveloping a mid-century office building into a 178-room hotel. And a Westchester lot will transform into a small apartment complex, according to a filing earlier this month. [LABJ] – Dennis Lynch