David Knight, the county's transportation and public works director, says the county will continue to move forward on a new terminal and runway and a new regional air carrier, but he warned the board, "After Sept. 11, the whole world has changed for airports."
Due to lost revenue and increased development costs, the Charles Schultz-Sonoma County Airport expects that it will have lost about $70,000 between Sept. 11 and Oct. 11. Knight says that additional security alone is costing $1,000 a day.
The county had planned on building a new runway in the hopes of attracting a regional air carrier. A new terminal building had been designed and is near completion, but will have to be amended to accommodate new security measures, says Knight.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.