Report of the additional costs emerged in the form of a memorandum that County Manager Steve Shiver recently sent to members of the Miami-Dade County Commission. The memo advised that a joint technical team recently disclosed it could cost from $240 million to $290 million in cost overruns just to complete the American Airlines north terminal development.
Delays are now anticipated on both north and south terminals. And the airport CIP does not contain the appropriations necessary to build a fourth runway.
"It appears that without either scope changes, application of value engineering techniques, expedited scheduling strategies, innovative contract packaging or additional funding, some individual CIP projects may have to be deferred or reduced in size," according Shiver's memo.
Although no formal action has been taken, officials are discussing everything from issuing revenue-funding bonds to raising the facility surcharge passengers pay to fly in and out of the airport.
It is possible the county could offset some of the costs through additional user fees, since Congress last year increased the cap on passenger-facility charges to $4.50 from $3 per ticket. The county has not yet applied for that additional fee, a spokeswoman for the Federal Aviation Administration tells GlobeSt.com.
The decision on a course of action will likely come as Angela Gittens, the airport's new director, becomes more familiar with the issue and advises the commission on her views. Carlos Bonzon, a newly hired deputy director put in charge of the CIP program, already has started a comprehensive analysis of the airport construction plan and the airport's growth needs.
"Given the highly complex and dynamic nature of this plan, the analysis described above is difficult and time consuming," Shiver wrote in the memo. "A complication in this program is that business conditions in the aviation industry change quickly, and CIP changes may be required to meet the demands of our business partners."
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