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The Price Tag for Philadelphia Airport's Mega-Renovation is 5 Billion Dollars

January 11, 2011 at 8:31 AM | by | Comments (0)

For better or for worse, we’ve been in and around our fair share of international airports and we definitely have our favorites. Unfortunately Philadelphia’s airport is not in our top five..or ten...or twenty (you get the picture). That’s why we were excited to hear about the $5.2 billion in renovations, expansions, and Sbarro locations that the airport will be getting over the next several years.

Most of the cost comes from all the updates and upgrades that they’ll be adding to the airport’s runways. The Federal Aviation Administration just gave its stamp of approval to the whole project, but unfortunately things will be a work in progress for the next 12 to 15 years. To help decrease congestion and airline delays, two of the airport's runways will be getting additional space, and they’re even planning to build a fifth runway right along the Delaware River.

There will be plenty of upgrades inside as well, as the blueprints call for four of the airport’s terminals to be fixed up and expanded. Terminal G will be a totally new addition to the airport’s maze, and a brand new commuter terminal will also spring up for those that enjoy the comfort and amenities found on regional jets and turboprops.

All this new stuff requires a lot of land and cash, so the airport is looking to grab up some homes near the airport. Of course people don’t really love just giving up their houses in favor of airport expansion, so even with the FAA’s seal of approval, don’t expect the bulldozers to start rolling around for some time still.

We’ll be sure to let you know when the first phase of the airport is set to open, as well as when we get a list of new restaurants, bars, and Hudson News outlets.

Related Stories:
· FAA Signs Off on $5.2B Expansion of Philly Airport [AP, via Bloomberg]
· Is the TSA Pulling More Pranks at Philadelphia's Airport? [Jaunted]
· Airport News coverage [Jaunted]

[Photo: Adam NFK Smith]

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