MINNEAPOLIS-Northwest Airlines has cut back its routes by 20% in the wake of the terrorist attacks last week, and that has prompted officials at the Metropolitan Airport Commission to reconsider its $2.7-billion expansion of the Minneapolis-St. PaulInternational Airport. Airport officials expect revenues to go down and the need for expansion to diminish as air carriers who use the airport cut back flights.

Last spring, the airport had opened a $75- million expansion project that was an initial phase of the overall expansion, which includes plans for a new north-south runway by 2010. Northwest accounts for the majority of commercial flights in and out of the Twin Cities airport.

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
NOT FOR REPRINT

© 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.