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John Wayne Airport's improvement program spurs economic growth
Platform will provide more than $1 billion boost, says OCBC.
By Kristen SchottPublished: March 30, 2010 09:19 AM
John Wayne Airport's massive Capital Improvement Program is expected to provide a much-needed boost to Orange County's economy, according to a study conducted by the Orange County Business Council.
The $543 million platform, which includes the planning, design and construction of a new terminal, parking structure and other related improvements, will create 6,670 jobs in the county and have an economic impact of more than $1 billion.
"A major goal for Orange County is to develop infrastructure as a priority with an eye for economic development growth,” says Dr. Wallace Walrod, vice president of economic development and research for OCBC.
He calls the program a "driving catalyst" in adding good jobs and spurring economic growth in O.C. – the fifth largest county in the U.S.
For every $1 invested in the platform, more than $2 will go back into the local economy. Spending will hit about $200 million this year, adding about $400 million to the economy and creating about 40 percent of the total jobs for the project. The program is being funded through sources such as internal airport revenues and bonds, according to the report, which is based on the airport's total costs on the platform.
“It is gratifying to know that not only are we able to bring much-needed improvements to Orange County’s only commercial service airport, but at the same time we are making a positive contribution to the local economy and job market,” says Airport Director Alan L. Murphy.
The local airport, which serves about 9 million passengers a year, embarked on the plan in order to accommodate the growing number of travelers passing through the destination, as well as to upgrade its facilities to provide continued customer satisfaction.
Among the facets of the plan: construction of a 282,000-square-foot Terminal C with six passenger gates, new concessions and other amenities; a new Parking Structure C that will accommodate more than 2,000 additional spaces; and a Central Utility Plant, which will supply the Riley Terminal with power and water to support the air conditioning system.
The new Terminal C is slated to be completed sometime next year.
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Readers Feedback:
The increase noise will heavily impact on our beautiful coast line on take off and the hills on landings. We don't view this as a plus for Orange County. It will denegrate the quality of life and the ambiance. We all moved here for thise reasons. We will be just another Los Angeles which we don't view as a role model. Very sad that our elected leaders do not view these precious commodities more valuable that the all mighty buck.
Comment at 4/1/2010
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The $543 million platform, which includes the planning, design and construction of a new terminal, parking structure and other related improvements, will create 6,670 jobs in the county and have an economic impact of more than $1 billion. "A major goal for Orange County is to develop infrastructure as a priority with an eye for economic development growth,” says Dr. Wallace Walrod, vice president of economic development and research for OCBC. He calls the program a "driving catalyst" in adding good jobs and spurring economic growth in O.C. – the fifth largest county in the U.S. For every $1 invested in the platform, more than $2 will go back into the local economy. Spending will hit about $200 million this year, adding about $400 million to the economy and creating about 40 percent of the total jobs for the project. The program is being funded through sources such as internal airport revenues and bonds, according to the report, which is based on the airport's total costs on the platform. “It is gratifying to know that not only are we able to bring much-needed improvements to Orange County’s only commercial service airport, but at the same time we are making a positive contribution to the local economy and job market,” says Airport Director Alan L. Murphy. The local airport, which serves about 9 million passengers a year, embarked on the plan in order to accommodate the growing number of travelers passing through the destination, as well as to upgrade its facilities to provide continued customer satisfaction. Among the facets of the plan: construction of a 282,000-square-foot Terminal C with six passenger gates, new concessions and other amenities; a new Parking Structure C that will accommodate more than 2,000 additional spaces; and a Central Utility Plant, which will supply the Riley Terminal with power and water to support the air conditioning system. The new Terminal C is slated to be completed sometime next year. Related headlines Powerwave completes underground wireless coverage project Stantec Consulting contracts with local transit agency Local officials step up efforts to lure Comic-Con to Anaheim |
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Readers Feedback:
The increase noise will heavily impact on our beautiful coast line on take off and the hills on landings. We don't view this as a plus for Orange County. It will denegrate the quality of life and the ambiance. We all moved here for thise reasons. We will be just another Los Angeles which we don't view as a role model. Very sad that our elected leaders do not view these precious commodities more valuable that the all mighty buck.
| Comment at 4/1/2010 |
